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Price gouging?
vanity ^ | 4/2/20 | trot

Posted on 04/02/2020 1:29:28 PM PDT by Trot

Newsom was right to balk at hand sanitizer for $400. Are other vendors hiking prices on other things?


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KEYWORDS: anotherdamnedvanity; coronavanity; gouging; prices
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To: OHelix

Wow, another FReeper who actually understand the law of supply and demand and doesn’t live by raw emotion.

Thanks.


21 posted on 04/02/2020 3:38:03 PM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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To: vpintheak

Sorry, your co-worker is exactly correct.

If you start selling toilet paper at $10 a roll, pretty soon other people with toilet paper will show up on the same corner offering it for $9, soon, the $10 guy lowers his to $9, they will continue to do that until they get back to slightly increased prices.

Plus, at $5-8 a roll, people will buy 2-3 rolls and everybody can get some. Instead, as we’re seeing, the real selfish louts hoard all the cheaper toilet paper assuring that very few get it.

You should do some research into basic conservative economics. John Stossel has some good video’s on youtube


22 posted on 04/02/2020 3:43:22 PM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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To: GailA

I will pray for you.With God’s help you will beat this thing.


23 posted on 04/02/2020 3:56:53 PM PDT by arthurus (covfefe)
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To: GailA

I have been getting SS for 10 years and still work. On SS alone I could afford to sit at home and watch TV, go out for a Big Mac once a month. This ChiCom virus has got me working a lot of OT at least until I get sick with it.


24 posted on 04/02/2020 4:00:31 PM PDT by arthurus (covfefe1)
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To: Trot

No problem for government employees, “we’re all in this together”


25 posted on 04/02/2020 4:00:54 PM PDT by Varsity Flight (QE 2020. All Quiet on the Western Front)
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To: Trot

Like rental owners in the Hamptons who usually rent their homes for $5000 a week no asking $30000.


26 posted on 04/02/2020 4:07:27 PM PDT by motor_racer (If you don't read the news, you are uninformed. If you read the news, you are misinformed.)
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To: Hot Tabasco

I use hand sanitizer when out and hand washing is unavailable. That’s what it is designed for. And as soon as I get home I still thoroughly wash my hands.

Bottled water is for convenience when not home, like when I go off for hours on my motorcycle (which I am doing a lot lately). Even then, I fill a sport bottle at home and also take a retail bottle of water for when I finish the sport bottle.


27 posted on 04/02/2020 4:10:40 PM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: Trot

We live in a small town of about 3500, and we have 1 grocery store and a couple of dollar stores. The grocery store, which has bought out the other grocery stores in the next largest town of about 40,000, (except for Aldi) is engaging in price gouging. And, like most of the area grocers, is not running any specials “because covid-19”. Their prices are high anyway, but now that they’re price gouging, they’re ridiculous. In a day or 2, I’m going over there and document some of the prices, then report them to the State AG price gouging department. Then I’ll either shop at Aldi, or drive 30 miles to a town they have no stores in. I’ll only shop at their evil little store if it’s an emergency. To take advantage of this virus situation is criminal.


28 posted on 04/02/2020 4:29:06 PM PDT by Flaming Conservative ((Pray without ceasing))
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To: Flaming Conservative

Change your name.


29 posted on 04/02/2020 4:46:25 PM PDT by Crazieman (Civil war is near certain now.)
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To: ChildOfThe60s
Just curious, how did you survive before someone had the ingenious idea to start selling water that was readily available at home?
30 posted on 04/02/2020 4:49:13 PM PDT by Hot Tabasco (How did I survive the Swine flu and the killer flu of 2017-18 without govt. help?)
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To: Hot Tabasco

The same way I am surviving now, by drinking water that comes out of the tap. the same water that I pour into my sports bottle that I throw on the back of my bike.


31 posted on 04/02/2020 5:10:03 PM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: Vermont Lt

LOL! Sit and wait for crap to hit the fan. that’s my life.


32 posted on 04/02/2020 5:15:31 PM PDT by vpintheak (Live free, or die!)
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To: cyclotic

I understand economics and agree with it. I disagree with price gauging in a time of crisis. There’s a reason why there are laws against it.


33 posted on 04/02/2020 5:17:37 PM PDT by vpintheak (Live free, or die!)
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To: fhayek

Be prepared ahead of time?


34 posted on 04/02/2020 5:18:23 PM PDT by vpintheak (Live free, or die!)
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To: Crazieman

No. He’s not actually. And I agree with free market principles. There are reasons why price gauging is illegal. Are you smart enough to research those reasons?


35 posted on 04/02/2020 5:21:13 PM PDT by vpintheak (Live free, or die!)
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To: OHelix

He did. However, in a crisis or emergency if people are dying, there is not time for the market to react. Or if a single source has cornered the market, no time to react. Normal or even stressful situations, I’m 100% for letting the invisible hand do it’s work.


36 posted on 04/02/2020 5:23:57 PM PDT by vpintheak (Live free, or die!)
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To: vpintheak

The law of supply and demand states that the price will rise if the demand outstrips the supply. Price gouging laws subvert that law - and we have shortages as a result. You can’t logically state that you understand and agree with economics if you support legislation that denies this law of economics.


37 posted on 04/02/2020 5:27:07 PM PDT by utford
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To: Crazieman

I’m conservative in every way, including morally, and you can call it what you want, but price gouging is immoral. Free enterprise, blah blah blah. Capitalism, blah blah blah. I know, but when you get to the end of your life, I doubt very much if you’ll be crying that you wished you had made more money, or gouged more money out of your fellow man.


38 posted on 04/02/2020 5:29:40 PM PDT by Flaming Conservative ((Pray without ceasing))
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To: vpintheak

That’s funny.


39 posted on 04/02/2020 5:36:13 PM PDT by Vermont Lt
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To: vpintheak
I agree with free market principles, but muh gouging
No you don't. You have no knowledge of economics and should bow out.
40 posted on 04/02/2020 5:56:50 PM PDT by Crazieman (Civil war is near certain now.)
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