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Thread: Free Market solutions that Republicans embrace

  1. #91
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    Yeah, not a fan.

  2. #92
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    Quote Originally Posted by labrea View Post
    Part of disaster management is putting a stop to price gouging, just like looting.
    What do you mean "just like looting?" These aren't remotely comparable, if anything they're complete opposites. Looting is forcibly and illegally taking someone else's property. Gouging is offering to sell your own property at a price perhaps no one will voluntarily pay.

    How are you going to prevent a store owner from taking his merchandise off the shelves and placing it back in storage? Or closing his doors altogether? Should that be illegal? Wouldn't that be even worse than at least offering it for sale, albeit at a huge markup? How would you prevent all that? What do you do about whatever lucky person gets the last case of water (at the nice, low, government-regulated price) and proceeds to walk 25 feet away and sell it for a 1,000% markup?

    Precisely zero regulation is needed in this instance. This is just a little sideshow used as an excuse by left wingers to continue whining about any and all things private sector.
    Last edited by Neomalthusian; 11th September 2017 at 08:41 PM.
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  3. #93
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    Quote Originally Posted by labrea View Post
    Price gouging is taking advantage of someone's need to loot their wallet.
    It's supply and demand... huge demand with no supply, price goes up or there's empty shelves and everyone loses anyway.

    It's an unpreparedness tax.

  4. #94
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by publius3 View Post
    The choice is not between a case of water for $100 or a case of water for $24 (I don't buy bottled water, I would assume a price of $1 per bottle max for a 24 count, but its probably less when bought in that quantity). Nobody would want to pay the $100, but nobody really wouldn't want the option of choosing to pay $100 if the alternative is to have no water to buy at the government imposed price ceiling. Higher prices for available goods or lower prices for unavailable ones is the harsh reality confronting people in disaster areas. The shortage of goods at that moment in time is simply a reality. The higher price of disincentivizes hoarding of the limited water supply and it also creates people outside of the emergency to shift supply into the zone. Ultimately high prices are, fortunately, self defeating.
    So are price controls....

  5. #95
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    Quote Originally Posted by bmanmcfly View Post
    It's supply and demand... huge demand with no supply, price goes up or there's empty shelves and everyone loses anyway.

    It's an unpreparedness tax.
    Rent seeking just becomes supply and demand? That's the problem with the right. They're so darn willing to accept market failure

  6. #96
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    Quote Originally Posted by Æthelfrith View Post
    Rent seeking just becomes supply and demand? That's the problem with the right. They're so darn willing to accept market failure
    What are you talking about?

  7. #97
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    Quote Originally Posted by bmanmcfly View Post
    What are you talking about?
    Which bit didn't you understand? We're not talking about standard prices changes created by supply & demand. We're referring to inefficiently high prices that demonstrate, by definition, market failure

  8. #98
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    Quote Originally Posted by bmanmcfly View Post
    What are you talking about?
    Which bit didn't you understand? We're not talking about standard prices changes created by supply & demand. We're referring to inefficiently high prices that demonstrate, by definition, market failure

  9. #99
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by Æthelfrith View Post
    Which bit didn't you understand? We're not talking about standard prices changes created by supply & demand. We're referring to inefficiently high prices that demonstrate, by definition, market failure
    What I don't understand is how you can pack so much fallacious thought into so few words.

    Supply and demand is not rent seeking...

    Not really in the mood to explain supply and demand though.

  10. #100
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by Neomalthusian View Post
    What do you mean "just like looting?" These aren't remotely comparable, if anything they're complete opposites. Looting is forcibly and illegally taking someone else's property. Gouging is offering to sell your own property at a price perhaps no one will voluntarily pay.

    How are you going to prevent a store owner from taking his merchandise off the shelves and placing it back in storage? Or closing his doors altogether? Should that be illegal? Wouldn't that be even worse than at least offering it for sale, albeit at a huge markup? How would you prevent all that? What do you do about whatever lucky person gets the last case of water (at the nice, low, government-regulated price) and proceeds to walk 25 feet away and sell it for a 1,000% markup?

    Precisely zero regulation is needed in this instance. This is just a little sideshow used as an excuse by left wingers to continue whining about any and all things private sector.
    Looting is just the illegal form of price gouging and slave wages. .
    Thanks from Hollywood

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