Gentlemint is a place to find and share manly things.

Price Gouging During a Disaster - Actually...makes sense

via www.forbes.com 2 years, 1 month ago
Price Gouging During a Disaster - Actually...makes sense

Economics 101 - When demand exceeds supply, you get a shortage. Bans on price gouging actually guarantees shortages during a disaster.

3 responses

  • alex.kenemer

    alex.kenemer 2 years, 1 month ago

    It feels dirty for sure, but I liked the point that raised prices entices surrounding areas to flood the market with supplies needed most. Meaning the needed supplies get there, then natural competition lowers the gouged prices back down.

    Reply

  • Cody

    Cody 2 years, 1 month ago

    Call me heartless, but I was totally thinking this during the Sandy mess. Anti-price gouging laws impede the free market system, and economic freedom is best for all over all.

    Reply

Tack Info

alex.kenemer

Stats

  • KyleMueller likes this link
  • icelind likes this link

hunt2945, KyleMueller, cburningham and 3 others like this

  • 1 saves
  • 3 comments

Like this? We have a plethora inside.

Announcing the Gentlemint Podcast.