3 ms·
I sort of love this idea. It'd be the perfect test of some free-market ideals. Similarly, sometimes the government buys product above the lowest market price,
by myself248 7y ago
I sort of love this idea. It'd be the perfect test of some free-market ideals.
Similarly, sometimes the government buys product above the lowest market price, because it's produced domestically and it's strategic to prop up the production in case of an event like this. They failed in this case, sadly.
- ISL 7y agoPerhaps pre-designated "price-gouging" companies could be allowed to price-gouge (and might be forbidden to buy up remaining traditional supply once an impending disaster is apparent?), but the person on the street could not? It just seems like there should be some middle ground between, "Price-gouging should be banned!", and "My kingdom for an N95 mask!".
- eru 7y agoWhat's the point? Just allow people to pay the prices they want to pay and sell at. Why add more special licences to exclude the person on the street?