Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
Stupid Stuff
Answer to Inflation and Bad Economy: Government Mandated Price Fixing: Yes or No?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="kingfish" data-source="post: 3783002" data-attributes="member: 50496"><p>Price fixing never works. It sounds good, but what happens is if companies can't sell their goods at a survivable profit, then they simply stop producing them causing shortages. If for example they set a retail price for a particular product. Are they also going to freeze materials and labor that go into making that product? Will the wholesaler also have the price fixed. What about the manufacturer of the item? If production costs continue to rise for raw materials but the price he can sell it for is fixed, it will reach a point of sustainability and they will go broke. You would basically need to freeze the entire economy. But this only works for domestically created products. You can't put price controls on imports which much of our economy revolves around.</p></blockquote><p></p>
[QUOTE="kingfish, post: 3783002, member: 50496"] Price fixing never works. It sounds good, but what happens is if companies can't sell their goods at a survivable profit, then they simply stop producing them causing shortages. If for example they set a retail price for a particular product. Are they also going to freeze materials and labor that go into making that product? Will the wholesaler also have the price fixed. What about the manufacturer of the item? If production costs continue to rise for raw materials but the price he can sell it for is fixed, it will reach a point of sustainability and they will go broke. You would basically need to freeze the entire economy. But this only works for domestically created products. You can't put price controls on imports which much of our economy revolves around. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
Stupid Stuff
Answer to Inflation and Bad Economy: Government Mandated Price Fixing: Yes or No?
Search titles only
By:
Top
Bottom