To: NonZeroSum
I posted this same sentiment days ago. Gouging is the Free Markets way of stopping irrational hording in its tracks.
Doing anything against gouging is like taking only a small step - over the cliff. Its not even a slippery slope, its a straight drop to total price controls and the resultant massive shortages.
We've been there, we've watched the Communist societies fall apart and we've had plenty of time to learn. LEAVE THE MARKET ALONE.It will level the playing field all by itself.
3 posted on
09/02/2005 10:12:13 PM PDT by
konaice
To: konaice
Doing anything against gouging is like taking only a small step - over the cliff. Its not even a slippery slope, its a straight drop to total price controls and the resultant massive shortages. Florida has had an anti-gouging law since Andrew and we haven't seen the slippery slope you're talking about. There does seem to be a decrease in scum of the earth who show up to take advantage of people, though.
7 posted on
09/02/2005 10:18:16 PM PDT by
Moonman62
(Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
To: konaice
I posted this same sentiment days ago. Gouging is the Free Markets way of stopping irrational hording in its tracks."
Right on all counts, it is also a way to force conservation of available resources at this time of crisis. Amen.
159 posted on
09/03/2005 2:47:19 AM PDT by
gakrak
("A wise man's heart is his right hand, But a fool's heart is at his left" Eccl 10:2)
To: konaice; flashbunny
LEAVE THE MARKET ALONE. The ability to gouge is not the logical market result of supply and demand reaching equilibrium, but the result of a temporary monopoly and a desperate, irrational, consumer whose life and limb are threatened.
The market does not work in these cases, because there is no market at all.
To: konaice
There is such a thing as price gouging. The state and federal governments do it all of the time. It's called the gas tax.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson