I'm comforted by your ideas. I'm going to raise my prices too. Oh, there will be a fallout but what the hell?
BTW, I studied Austrian economics. Dream world of graphs that always proved one's point. Funny how that works in the classroom but don't pan out in the real world. Academics has a way of creating fiction in one prone to navel gazing.
I live in the real world not in Boortzland. Why not make the gas prices $10 until the market equalizes. Oh sure, we'll have an immediate collapse of the economy but long term...we'll be true to Henry Hazlitt.
Why not place a surcharge on all the products in all the stores because NOLA and Mobile are closed? Let's be true to Sennholz and worship at the altar of Von Mises. I'm ready for the chaos. How about you? Your theories are truly small comfort on the sudden quiet roads of Anytown, America.
Oh and I like the DU comment Bunny, nice touch.
Your comments have nothing to do with reality.
You know why prices aren't at $10? BECAUSE of the free market- it works to control excessive prices. The only people who would fall for $10 a gallon when everyone else is charging $3.00 is an idiot.
I'll ask the same question I asked all the other situational socialists who cry gouging:
Would you rather be able to buy gas at $3.50 a gallon, or have no gas to buy at $2.50 a gallon?
Beause the results of "controlling gouging" are the latter.