6 ms·

Put it that way I would say 2. With 2. We can look into the application of these laws and figure out why nobody is picking up the opportunity to reasonably pro

by hirako2000 3y ago

Put it that way I would say 2. With 2. We can look into the application of these laws and figure out why nobody is picking up the opportunity to reasonably profit by making gas and supplies available. Profeetering is defined as taking advantage of a situation to increase prices beyond "reasonable" The law is clear with one thing: profteering by committing a crime is legally wrong. It leaves us with cases where no crime was committed. But this post argues collusion happened in the case of property let pricing. let's not make the gasless situation the rule to the exceptions.

WalterBright 3y ago
> We can look into the application of these laws and figure out why nobody is picking up the opportunity to reasonably profit by making gas and supplies available. A reasonable price is what people are willing to pay for it. It's that old Law of Supply and Demand again. > The law is clear with one thing: profteering by committing a crime is legally wrong. Enjoy the inevitable resulting shortages, then. BTW, anti-gouging laws also cause hoarding, making the shortages even worse.
- hirako2000 3y ago
  you refuse to see unreasonable pricing happens as a result of anti competitive maneuvers, corruption, and you mentioned it: hoarding. All illegal tactics. But I give it to you, bureaucratic measures have shown again and again to have even more nefast consequences than business criminals doings.
  - WalterBright 3y ago
    > you refuse to see unreasonable pricing "unreasonable pricing" is a nebulous undefined concept. > hoarding Hoarding only happens when the government tries to repeal the Law of Supply and Demand. It is not a natural state of free markets. Whenever the government tries to repeal the LoS+D, all kinds of worse consequences result.
    - fragmede 3y ago
      Those who grew up with the spectre of communism threatening the end of America, if not the whole world may be convinced that that's true, especially those in the upper middle class with less pressing financial concerns, but those who've now lived through several "once-in-lifetime" economic crises and been thrust into the job market may be less convinced. Watching the American brand of capitalism rot slowly from the inside isn't a convincing argument that the laws of supply and demand are immutable natural laws handed down by Republican Jesus and some may even be looking for better. Watching mainstream media dramatize and exaggerate, to the point of hysteria, it's no wonder that hoarding seems like an incurable problem with rationing, but if you're able to understand that's the media creating a circus, you're hopefully able to see past some of the rhetoric from the previous century.
      - WalterBright 3y ago
        The LoS&D is immutable. American regulators have made endless attempts to repeal it, and they all failed. It applied in Communist countries, too, and nobody tried harder to repeal it than they did. > Watching the American brand of capitalism rot slowly from the inside Caused by the constant misguided attempts to repeal the LoS&D. Rent control is a n illustrative example.

WalterBright 3y ago

> We can look into the application of these laws and figure out why nobody is picking up the opportunity to reasonably profit by making gas and supplies available. A reasonable price is what people are willing to pay for it. It's that old Law of Supply and Demand again. > The law is clear with one thing: profteering by committing a crime is legally wrong. Enjoy the inevitable resulting shortages, then. BTW, anti-gouging laws also cause hoarding, making the shortages even worse.

hirako2000 3y ago
you refuse to see unreasonable pricing happens as a result of anti competitive maneuvers, corruption, and you mentioned it: hoarding. All illegal tactics. But I give it to you, bureaucratic measures have shown again and again to have even more nefast consequences than business criminals doings.
- WalterBright 3y ago
  > you refuse to see unreasonable pricing "unreasonable pricing" is a nebulous undefined concept. > hoarding Hoarding only happens when the government tries to repeal the Law of Supply and Demand. It is not a natural state of free markets. Whenever the government tries to repeal the LoS+D, all kinds of worse consequences result.
  - fragmede 3y ago
    Those who grew up with the spectre of communism threatening the end of America, if not the whole world may be convinced that that's true, especially those in the upper middle class with less pressing financial concerns, but those who've now lived through several "once-in-lifetime" economic crises and been thrust into the job market may be less convinced. Watching the American brand of capitalism rot slowly from the inside isn't a convincing argument that the laws of supply and demand are immutable natural laws handed down by Republican Jesus and some may even be looking for better. Watching mainstream media dramatize and exaggerate, to the point of hysteria, it's no wonder that hoarding seems like an incurable problem with rationing, but if you're able to understand that's the media creating a circus, you're hopefully able to see past some of the rhetoric from the previous century.
    - WalterBright 3y ago
      The LoS&D is immutable. American regulators have made endless attempts to repeal it, and they all failed. It applied in Communist countries, too, and nobody tried harder to repeal it than they did. > Watching the American brand of capitalism rot slowly from the inside Caused by the constant misguided attempts to repeal the LoS&D. Rent control is a n illustrative example.