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1 posted on 03/17/2020 7:37:36 AM PDT by SeekAndFind
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To: SeekAndFind

Toilet paper will become a fungible asset.................


2 posted on 03/17/2020 7:39:15 AM PDT by Red Badger (If people were to God like dogs are to people, the world would be a really great place..............)
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To: SeekAndFind

FROM ECONOMIST JUSTIN WOLFERS:

The problem is we have two equilibria:

1. Normal times: Everyone believes there will be toilet papers so no-one stockpiles.

2. Panic times: Everyone fears shortages, which leads them to stockpile, which creates shortages.

Here’s how we solve the self-fulfilling panics that cause bank runs:

1. The FDIC insures your money, so even if everyone else is running to the bank, you don’t have to try to beat them.

2. Lender of last resort: The Fed lends to banks facing these runs, so they can keep operating.

All of this says that what we need right now is a government-backed Strategic Toilet Paper Reserve.

That Reserve makes a promise that even if your local Costco an out, you still have the right to buy 2 rolls per week from the government’s stockpile.

The Strategic Toilet Paper Reserve removes the incentive to stockpile. It ensures that even if you see others running to the store to stockpile toilet paper, you no longer need to try to run to beat them. You can relax, knowing that you’ll still be able to wipe your bum.


3 posted on 03/17/2020 7:40:10 AM PDT by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

Fear of a run on toilet paper — like a run on banks — is enough to create an actual run.

See Chuck Schumer and Indy Mac Bank, he knows all about this kinda stuff


4 posted on 03/17/2020 7:40:20 AM PDT by eyeamok
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To: SeekAndFind

*BREAKING NEWS*

I have the runs.

Film at 11.


5 posted on 03/17/2020 7:42:13 AM PDT by V_TWIN
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To: SeekAndFind

“Runs” is the wrong word to use in an article about toilet paper.


6 posted on 03/17/2020 7:42:21 AM PDT by moovova ("Socially distancing myself since forever.")
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To: Daffynition

Ping!


7 posted on 03/17/2020 7:48:16 AM PDT by Taxman ((We will never be a truly FRee people so long as we have the income tax and the IRS!))
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To: SeekAndFind

In the 1920s crash humans ran on the banks and got money, in 2020 humans ran on walmarts and got TP.

We’ve really progressed as a species.


10 posted on 03/17/2020 7:58:05 AM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: SeekAndFind

Talking about toilet paper and “runs” of any kind belongs in a medical lab or a barroom.

Unless it’s describing the phenomenon known as “panic buying.”


11 posted on 03/17/2020 7:58:35 AM PDT by IronJack
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To: SeekAndFind

The only thing we have to fear is fear itself.


12 posted on 03/17/2020 8:01:52 AM PDT by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: SeekAndFind

Listen to George Bailey in It’s A Wonderful Life:

https://youtu.be/iPkJH6BT7dM


15 posted on 03/17/2020 8:13:22 AM PDT by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: SeekAndFind
According to him, the motivation behind toilet paper hoarding is the same as the motivation behind runs on banks – people are afraid that, if they don’t keep up with others who want the same finite resource, then the resource will be gone.

I opted out of the toilet-paper economy several years ago - electric toilet bidets on each toilet in the house. It's the TP version of Bitcoin, I guess. And you end up a lot cleaner, too.
16 posted on 03/17/2020 8:15:39 AM PDT by AnotherUnixGeek
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To: SeekAndFind

You’re thinking of this place all wrong. As if I had the toilet paper back in a safe. The toilet paper’s not here. Your toilet paper’s in Joe’s house...right next to yours. And in the Kennedy house, and Mrs. Macklin’s house, and a hundred others. Why, you’re lending them the toilet paper, and then, they’re going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?...Now wait...now listen...now listen to me. I beg of you not to do this thing.


17 posted on 03/17/2020 8:27:33 AM PDT by Flick Lives (MSM, the Enemy of the People since 1898)
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To: SeekAndFind

That’s not economics. That’s psychology.

Luckily TP doesn’t have an expiry date. Although it takes up a lot of room, it doesn’t deteriorate. Always a good idea to have a month or two’s supply on hand so there is no need to rush out and stock up.


18 posted on 03/17/2020 8:44:35 AM PDT by I want the USA back (Lying Media: completely irresponsible. Complicit in the destruction of this country.)
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To: SeekAndFind
All this is true, but there are additional reasons why people are stockpiling:
(1) If they're forced into quarantine, they'll need stockpiled supplies;

(2) if they're thrown out of work, they'll need stockpiled supplies; and

(3) if civil unrest should occur, they'll need to stay in their homes, and they'll need stockpiled supplies.


19 posted on 03/17/2020 8:47:03 AM PDT by Savage Beast (Curse of intelligence: Having to watch the morons try everything you know won't work!)
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To: SeekAndFind

I already had tons of toilet paper and extra cash as well as many other items. This is called being prepared, folks.

I am not a full on prepper but I think I am going to become one. All of what is happening now is proof of how quickly society can simply stop functioning.

JoMa


25 posted on 03/17/2020 1:39:05 PM PDT by joma89 (Buy weapons and ammo, folks.)
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