Posted on 04/02/2020 1:29:28 PM PDT by Trot
Wow, another FReeper who actually understand the law of supply and demand and doesn’t live by raw emotion.
Thanks.
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
I will pray for you.With God’s help you will beat this thing.
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.
No problem for government employees, “we’re all in this together”
Like rental owners in the Hamptons who usually rent their homes for $5000 a week no asking $30000.
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.
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.
Change your name.
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.
LOL! Sit and wait for crap to hit the fan. that’s my life.
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.
Be prepared ahead of time?
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?
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.
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.
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.
That’s funny.
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