Why price gouging laws are a bad idea...
[reason.com]
What politicians call "gouging" is just supply and demand. Prices rise and fall all the time.
People are stocking up on things, fearing that we will be stuck in our homes, under quarantine, without essential supplies.
Some hoard toilet paper. A popular internet video features someone driving up to what appears to be a drug dealer but is really someone selling toilet paper.
When it became hard to find hand sanitizer in New York, Governor Andrew Cuomo said the state would produce its own, made by prison labor.
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Feel free to reply to any comment by clicking the "Reply" button.A $2 bottle of sanitizer for &3 is ok. Even $5 could be condoned. But $50? $60? Supply and demand my a$$. I call BS. It’s price gouging plain and simple. Ebay and Amazon both shut them down when they find them.
samm
Level 6
Mar 18, 2020
1
It's not right when that sort of thing occurs, but I don't think the government stepping in with more laws is the answer either.
The gouging is when someone without children goes into the supermarket and buys up all the disposable diapers with the intent of selling them on the street or from her home at inflated prices. There should be a law against that.
RichardLeigh
Level 6
Mar 18, 2020
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