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The Water Cooler
General Discussion
A different perspective on price gouging
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<blockquote data-quote="KilkennyArms" data-source="post: 2045633" data-attributes="member: 25164"><p>Higher prices are a form of rationing. Let's say there is storm on the East Coast and flashlights selling for $10.00 in Oklahoma are selling for $100 there. Someone who is enterprising might rent a U-Haul and buy several hundred flash lights while driving to the site of the storm. Is $100 too much to ask when 0 were available? Now there are several hundred available and storm victims who need them have them because of higher prices. </p><p></p><p>As has already been stated the problem we have government interference! If they would just let markets work these peaks and valleys wouldn be as high or deep.</p></blockquote><p></p>
[QUOTE="KilkennyArms, post: 2045633, member: 25164"] Higher prices are a form of rationing. Let's say there is storm on the East Coast and flashlights selling for $10.00 in Oklahoma are selling for $100 there. Someone who is enterprising might rent a U-Haul and buy several hundred flash lights while driving to the site of the storm. Is $100 too much to ask when 0 were available? Now there are several hundred available and storm victims who need them have them because of higher prices. As has already been stated the problem we have government interference! If they would just let markets work these peaks and valleys wouldn be as high or deep. [/QUOTE]
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A different perspective on price gouging
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