RE: HODLing Bitcoin From One Natural Disaster To The Next

You are viewing a single comment's thread from:

HODLing Bitcoin From One Natural Disaster To The Next

in bitcoin •  7 years ago 

Price gouging literally saves lives while well-intentioned laws preventing it means goods go to lucky first-comers, meaning the worst for those who need it most, plus price signals don't tell the rest of the economy to shift activities toward relief efforts. You can't legislate away supply/demand any more than gravity. If dollar prices not allowed to move, time/rationing will, which is a far crueler response.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I didn't say gouging should be legislated away! Just saying that under extreme conditions, gouging isn't the right thing to do from a humanitarian/moral perspective. Not everything is numbers and statistics.