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> If anything, I would expect higher prices would discourage hoarding This is false. We are seeing artificial shortages due to hoarding that has already occurr
by mygo 7y ago
> If anything, I would expect higher prices would discourage hoarding
This is false. We are seeing artificial shortages due to hoarding that has already occurred. Higher prices would encourage hoarders to profit from their hoarding. I think it’s fair for people to stock up on a few weeks to a month’s worth of food and toiletries to avoid unnecessary trips to the store until they need to stock back up again, but if a hoarder bought way more than they’ll ever need and they can’t profit by selling their wares at higher prices, then they might as well just give them to those in need, or be left with a lifetime supply of toilet paper occupying their guest room.
The stores will restock. This is not a shortage due to production deficits. This is just people taking everything off the shelves as soon as they are restocked. These stores are just going to keep restocking and the panic buying will subside.