Empty shelves? Or an expensive product? Is this price gouging? OR, Is it a rational and FUNCTIONAL market action?
Economic theory in most schools of economic thought would inform that high prices drive market action - high prices bring more people to the market who either excess product or who can obtain more product for resale.
Government 'intervention' against what they call 'price gougers' is anti-market and if we are being honest with ourselves, it is really anti-human and leads DIRECTLY to human suffering and possibly even death.
There is no perfect solution to a disaster, but government solutions are often far worse than market solutions.
My two bits, do not trust the State to save or help you - especially during a disaster.
Congratulations @philosopherrex! You have received a personal award!
Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.
For more information about this award, click here
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit