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Surprised no one has nailed you for the gas gouging example. During a shortage, raising prices gets the gas to where it is needed most. Raising gas during an em
by Evbn 14y ago
Surprised no one has nailed you for the gas gouging example. During a shortage, raising prices gets the gas to where it is needed most. Raising gas during an emergency ("value prcing") when there is no shortage, is a different matter.
- kls 14y agoSorry I was not clear, the shortage I was talking about was something like a hurricane. Where people are preying on the desperation of the situation. Sure we could allow an unbridled market in such situation, but I think most would agree that gouging in an emergency goes beyond even the rent seeking of the rent to own establishments.