4 ms·

you refuse to see unreasonable pricing happens as a result of anti competitive maneuvers, corruption, and you mentioned it: hoarding. All illegal tactics. But

by 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

> 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.