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The Virtue Of ‘Price Gouging’

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Posted By: 4250Luis, 10/12/2024 7:01:57 AM

Government officials waste no time threatening to crack down on “price gouging” during catastrophic events. Because they care. But of course they don’t. If they did, they’d let the market take care of pricing. Instead, they’ll deny storm victims the necessities they need to get through the disaster. Vice President Kamala Harris has warned merchants and entrepreneurs that Big Brother Columbia is “monitoring” stricken areas “for allegations of fraud and price gouging and will hold those taking advantage of the situation accountable.”

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Reply 1 - Posted by: DVC 10/12/2024 8:55:34 AM (No. 1811974)
Economics professor Walter Williams used to do a very clear and effective job of showing how the pricing of scarcity was a good thing for allocation of resources.
5 people like this.

Reply 2 - Posted by: Strike3 10/12/2024 9:07:15 AM (No. 1811985)
It's the exact opposite reality in Appalachia and the government/media has not learned to properly spin the fact that rednecks and flyover country people can take care of themselves better than the government and its useless agencies can. When this country is taken back from those who would ruin it for their own gain, it will be people like these who accomplish it. When the battles begin, don't be looking for any silly rules of engagement, we play to win.
3 people like this.

Reply 3 - Posted by: Vaquero45 10/12/2024 10:53:24 AM (No. 1812038)
Anyone making a big deal about "price gouging" knows nothing about basic economics, and should learn to keep their mouth shut.
5 people like this.

Reply 4 - Posted by: Strike3 10/12/2024 11:27:29 AM (No. 1812073)
The US Government has the exclusive on price gouging in this disaster, they have charged the taxpayers billions of dollars and have provided nothing in return - the ultimate in price gouging.
5 people like this.

Reply 5 - Posted by: danu 10/12/2024 5:46:53 PM (No. 1812216)
ka-mao-la 750 lectures us once more...on economics???
1 person likes this.

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Government officials waste no time threatening to crack down on “price gouging” during catastrophic events. Because they care. But of course they don’t. If they did, they’d let the market take care of pricing. Instead, they’ll deny storm victims the necessities they need to get through the disaster. Vice President Kamala Harris has warned merchants and entrepreneurs that Big Brother Columbia is “monitoring” stricken areas “for allegations of fraud and price gouging and will hold those taking advantage of the situation accountable.”
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