We’ve gotten into it before and I find you unwilling to consider other opinions.
But, try this. You own a gas station. You have a finite amount of fuel and thousands of cars lining up to buy it. By raising prices to meet you r limited supply with high demand, people will limit what they buy to what they need, not what they want.
So, you made some extra profit, but, in order to keep your employees from evacuating early, you had to offer them a bonus to stick around till the end, say double the pay. The storm hits and your gas station gets hammered. These same customers expect you to be open quickly after the storm. There’s no power for days, so you have to truck in emergency generators to run your pumps. Internet is down, so it’s cash only. You may need to bring in some armed guards to protect your store. you’re still paying your employees extra so they come to work and put off fixing their homes, you can’t get away to fix your own home. In the end, the short time that you had to charge extra doesn’t result in any sort of windfall, instead, you may break even. And, you’re still servicing all of your customers. It’s a business though, not a charity.
When a war comes all sensible citizens do switch to charity mode and the rewards are often difficult to account for by classic peacetime economics.
That’s why both hoarders and gougers are punished. You cannot change anthropology.
When a war comes all sensible citizens do switch to charity mode and the rewards are often difficult to account for by classic peacetime economics.
That’s why both hoarders and gougers are punished. You cannot change anthropology.
Some around here claim they are out of fuel today, but will have fuel on Monday, Which they will sell for twice what they paid for it. That’s how they skirt the price gouging law. The neighbors kid works there, that’s how I know!