I’m glad we have a President who is a businessman and not a lawyer.
8300+ Italian health care workers CV test positive
61 now dead
Advance buying for three weeks is sensible.
States have absolute power tempered only by their constitutions and the federal Constitution.
In Florida the legal standard is grossly in excess of typical pricing I believe.
I feel “off-topic”, looking at the thread, but with reference to the article, it does not seem to be price “gouging” to charge and pay for increased transportation costs, either.
TP is a bulky, low-value shipping product, I would imagine.
The fundamental supply limits are in China, not at the retail level.
MAGA
Macron wants France to be 100% self-sufficient in PPE by 2021. France isn’t governed by idiots.
” According to Centers for Disease Control estimates, between Oct. 1, 2019, and March 14, 2020, there have been 390,000 to 710,000 hospitalizations as a result of the flu, 38,000,000 to 54,000,000 flu illnesses and 23,000 to 59,000 flu deaths. That’s compared with, as of March 27, a total of 85,356 cases of COVID-19 resulting in the deaths of 1,246 people.”
WHAT I WANT TO SEE....is a DAILY CHART comparing flu cases, flu hospitalizations and flu DEATHs with Covid-19 stats on the same items.
NO ONE is showing this. Thanks Walter for the intro, but I want to see this info every day........
This article leaves out one important basic business principle that a huge part of our population does not understand.
When you are an ongoing business you must price the inventory you have on your shelves based on the amount it will take to purchase more inventory. This is the reason a gas station immediately raises prices when the price of oil goes up. The station must bring in enough money from the gas in their tanks to purchase the next refil of those tanks. So they immediately raise the price as they know their costs are going up. So many people think a business should sell their inventory based on what it costs the business to purchase and that is entirely wrong. Since you are going to continue in the gas business if you are a gas station you must sell the gas in your tanks based on what it costs to REPLACE your current inventory.
If toilet paper is scarce the store will almost certainly see an increase in their cost so they must raise the price. Pricing is also based on the availability of resupply. If you are a gun store and ammo is very scarce at the wholesale level they will raise the price significantly to both maximize revenue in order to cover the increased price of resupply and to encourage buyers to conserve and thus keeping the stores stocked with at least some product until the wholesale market returns to normal. After all how does a gun store stay in business selling guns if they have no ammo to sell with those guns? Consumers are so ignorant of this fact they often shoot themselves in the foot (pun intended) by boycotting stores that raise prices on goods like ammo when that is exactly what they should want them to do. Then when you actually NEED ammo you can get it from "cheaper than dirt" because they raised their prices very high and they actually have ammo, whereas everyone else who did not raise prices are SOLD OUT.
In a nutshell there is no such thing as price gouging. In times of scarcity you often have high prices. That's just the way the free market works.
One last example. In times of crisis small stores will often raise the price of bottled water to $25 or so per case and people scream PRICE GOUGING. But guess what, the store will actually HAVE water to sell if you truly need it. Lastly, what do people pay every day when they buy bottled water out of a vending machine or at a sporting event or theme park? 2-3 dollar PER bottle or about $30-$50 dollars per case.
Sorry for the rant but "price gouging" is one of my pet peeves. To the point I really hope the next bottled water crisis some place where price gouging laws exist some store just puts a sign on a pallet of bottle water. "Not for sale"
Believe we have a “cure” folks and it’s old school.
https://www.youtube.com/watch?v=pPflhrcGASQ&feature=em-uploademail