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Home > Forum > Lavender Room > Leader of Red State Capitalism? You can't even price gouge here!

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Leader of Red State Capitalism? You can't even price gouge here!
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SH
Aug 29, 17 12:32
Post #1 of 6 (633 views)
Just goes to show how far even supposed freedom loving red states have to go to understand economics...

http://www.star-telegram.com/...rticle169921137.html

Market price is, literally and figuratively, social justice.
Last edited by: SH: Aug 29, 17 12:46
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Re: Leader of Red State Capitalism? You can't even price gouge here! [SH] [ In reply to ]
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Old Hickory
Aug 29, 17 12:48
Post #2 of 6 (594 views)
 Bada Book Bada Boom!
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Re: Leader of Red State Capitalism? You can't even price gouge here! [SH] [ In reply to ]
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Duffy
Aug 29, 17 13:22
Post #3 of 6 (537 views)
Raising prices during increased demand creates an incentive to increase supply.

Without the ability to increase prices during periods of high demand will only create shortages. Nobody is helped when there are no products available and no incentive to get them to market.

Duh.
Civilize the mind, but make savage the body.

- Chinese proverb
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Re: Leader of Red State Capitalism? You can't even price gouge here! [Duffy] [ In reply to ]
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SH
Aug 29, 17 13:25
Post #4 of 6 (532 views)
Duffy wrote:
Raising prices during increased demand creates an incentive to increase supply.

Without the ability to increase prices during periods of high demand will only create shortages. Nobody is helped when there are no products available and no incentive to get them to market.

Duh.
Plus, if you're really thirsty and coming into a store with your family, do you want the store to be out of water because they were selling cases for an obligatory $2.36, or would you like to actually find some water albeit at 40 times the normal price?
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Re: Leader of Red State Capitalism? You can't even price gouge here! [SH] [ In reply to ]
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Duffy
Aug 29, 17 13:29
Post #5 of 6 (522 views)
LA County charges me a $1600 permit fee to change out a $125 part. Literally unscrewing the bad part and screwing the new one.

Haven't seen any critical news stories about it yet.

And there isn't even a high demand for permits. In fact, I don't even want to buy a permit at all. I certainly don't need one to complete my task.
Civilize the mind, but make savage the body.

- Chinese proverb
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Re: Leader of Red State Capitalism? You can't even price gouge here! [SH] [ In reply to ]
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torrey
Aug 29, 17 13:45
Post #6 of 6 (496 views)
Quote:
This is an easy one: don’t take advantage of people who are vulnerable because they’re running away from a flood or affected by a hurricane

Read more here: http://www.star-telegram.com/...7.html#storylink=cpy
In this specific case there were taking advantage of a news team from Austin, does that still count?
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