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To: PeteB570

No one should want to return to the time when if you had a pulse you could get all the money you wanted to buy a home. That led to the crash.


9 posted on 04/12/2020 6:54:22 AM PDT by ActresponsiblyinVA
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To: ActresponsiblyinVA

True, but most people are ignorant of economics. You know what causes shortages and hoarding? Price gouging laws do. Prices are just a signal of value and the only way to balance supply and demand in times of scarcity. If prices were allowed to increase in times of shortage, then people would not hoard as much, demand would decrease, and supply would catch up. Instead, self-righteous politicians make the situation worse with price gouging laws rather than letting the market work its magic and improving the situation much faster.


48 posted on 04/12/2020 10:44:50 AM PDT by Pining_4_TX (The Nazis were socialists, and all socialists turn into Nazis.)
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