You are viewing a single comment's thread from:

RE: Price Gouging is a hot topic after Hurrican Harvey. Surprise, surprise, government chooses wrong path

in #life7 years ago

No, you have misunderstood.

There is no law against offering anything for free.

The law says you can't increase price during a time of emergency, no matter how high the demand.

So the result is demand sky rockets, but supply does not show up to be purchased since it costs a lot more to bring in supply during crisis.

The result of the law is supply drops at exactly the moment that the market is sending a signal that there is increased demand and theprice should be allowed to go up, but government prohibts the market from working.

Predictable result every time = massive shortages. Caused by government not letting free market operate to bring supply and demand into balance.

At the very moment when capitalist system could produce the absolute best result, the government turns into Stalinist old Russia central planning style of government

If the government let the free market solve the problem quickly and efficiently, too many people would be forced to ask - why do we need so much government ? Why are we sending so much in taxes to the government ? Why don't we demand a smaller government, that focuses on just the issues it was intended to, such as common defense.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65128.68
ETH 3442.23
USDT 1.00
SBD 2.52