2 ms·
You're like 99% of the way there. This is the behavior you want. The alternative is panic shortages from people afraid prices are about to skyrocket.
by Spivak 4y ago
You're like 99% of the way there. This is the behavior you want. The alternative is panic shortages from people afraid prices are about to skyrocket.
- gruez 4y ago>You're like 99% of the way there. This is the behavior you want. The alternative is panic shortages from people afraid prices are about to skyrocket. Forcing prices to be low has the opposite problem: since the cost of stocking up is low, everybody does so. If you're at the grocery store and there's a hurricane approaching, why wouldn't you stock up on some non-perishable foods? After all, worst case scenario you pay a bit more than you would have (assuming you only buy stuff on sale), and you can consume them over time, so the net cost to you is very low. Of course, if every shopper stocks up for 2 weeks worth of perishables, the shelves will be empty within an hour.