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Only in perfectly spherical, frictionless free markets that aren't applicable to reality. Practically changes happen quicker than a supply chain can adjust, an
by monocasa 5y ago
Only in perfectly spherical, frictionless free markets that aren't applicable to reality. Practically changes happen quicker than a supply chain can adjust, and that can leave people without critical supplies.
- WalterBright 5y agoSome businesses do not raise prices, preferring empty shelves to the bad goodwill and accusations of profiteering. Nevertheless, goods and services are always available if the price is allowed to float. Anti-gouging laws always leave people without critical supplies. Remember the Great Toilet Paper Shortage a couple years ago?
- monocasa 5y agoOnce again, that's ignoring rationing happening at the same time. Yes APG laws without rationing encourage hoarding, but that's not the scheme generally being discussed. Additionally, jurisdictions without APG laws also empirically faced widespread shortages during the pandemic, that's not a unique feature of APG laws.