Gm

The term price gouging is a communist slur

Prices increase during a disaster because supplies are reduced and demand increases

https://i.nostr.build/FIrPSEbZoRWQtr2G.jpg


Ignorantly or maliciously, basic economics eludes communists.


Offering someone who has worked, paid his taxes, created a mortgage and lost everything $750 is just as ridiculous and those making such an offer should be held accountable for their actions


While I agree to an extent, there is a point where people start to raise prices to extortionist levels.
I think we can agree that charging obscene levels for basic necessities is wrong, right?


If company A raise prices too much, company B will offer a lower price, and company A will be forced to lower or go out of business

Free markets/competition set prices, there is no such thing as "obscene levels"


Zap! 🫡

Zap! 🫡


In a disaster scenario, there is chaos and confusion. People WILL take advantage of that.
I hope you never find yourself in such a situation.


Ignorance of the masses, malice of its leaders


Just tell me one thing:

How should the price of let's say... A bottle of water he determined during a disaster? Please be specific


I need to a file a complain about the Bitcoin price gouging


For a free market to work, you need freedom of movement and of communication, which is not always available during disaster times. In those times, markets will form distortions, cartels and monopolies due to lack of free information flow.

The price is still set by demand and supply, but the market is no longer free.


Take it up with Peter Todd 😂


I'll make it simple..

If there is a disaster and access to clean potable water is scarce and someone is charging anything for water...
They're a piece of shit.


I’m pretty sure there are assholes who take advantage of natural disasters just because they are assholes.

But, I’m not sure why she’s saying that because I don’t believe price gouging is enforced at the federal level … I think it’s a state by state issue / law.


How do you decide who gets the water, and who doesn't?


You haven't thought this through at all.

If the water is scarce and you give it away you will just run out right away lol


A statist has no problem expanding the scope of their areas of influence.


I'm not sure you're making the point you think you're making.


Def giving off commie vibes 😬


Whites & Bitcoiners get the water first.  Solved it.


Antisemite, eh?


Perhaps state law should also set the price of Bitcoin? Because we've been gouging people, $60,000 for just one stinkin coin!


Onward 🫡

Onward 🫡


These people are itching for their implementation of the purge.  They don’t even hide it anymore.


GM! Let's hope communism is defeated once and for all


The unfortunate problem with fiat is that theyve made some companies so large that they have an outsized advantage and can dictate prices (monopolies).


So are you suggesting that only people who can afford $100 for a bottle of water get to survive?
Is that what you're getting at? Fuck the poor?


I don’t support price gouging laws. I think if assholes are being assholes; that is their right. Who am I to say what price they can or cannot set.

But, at the same time I think there is a good case for many consumer protection laws like knowingly selling you a lemon car.


unless it is a government protected monopoly, where competition is blocked by government, the only way a monopoly can dictate the price is by setting a price lower than anyone can compete with - which benefits us all


Imagine the worst piece of shit person you can. Imagine this person stacked up on water bottles and medical supplies while they were on sale and spent his time waiting for a disaster to happen.

Disaster strikes. Who's there? Why, it's the evil price gouger looking to secure a profit, selling his wares at a 500% markup. People will have to spend more money to secure scarce resources now.

Is this evil? Well, consider FEMA for a second. Government agencies ensure supplies always come in late. They are not interested in profit, they are interested in ticking boxes.

Real economics describes reality. Keynesians will have you believe it is possible to cast illusions. Such an approach always leads to tragedy.

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages” -A. Smith


Interesting. Not the answer I expected from a bitcoiner.
Anyways, tick tock.


Yes. More accurate.


I was waiting for the infantilizing “don’t,” but I don’t what what is worse


She is a fucking idiot.
Unless you are a monopoly, you can’t “price gouge”


which seems ironic since price gouging can only actually exist where free-market competition has been prohibited - like when the government grants utility companies exclusive access to serve your home.


GM PV Fren

https://image.nostr.build/9b52cb675eca18a6c5ce8eec6183bef7974da95e6b90b8fc2356dd7371b5b726.jpg


Huh?
What are you, a shitcoiner?


GM nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8


Thank you nostr:nprofile1qqsw9n8heusyq0el9f99tveg7r0rhcu9tznatuekxt764m78ymqu36cpzdmhxue69uhhwmm59e6hg7r09ehkuef0qy2hwumn8ghj7enjv4h8xtn4w3ux7tn0dejj7qg4waehxw309aex2mrp0yh82arcduhx7mn99ueat4s3


It's an insolent slap in the face. If that doesn't radicalize you, nothing will.


If something like water is scarce, it has to be used carefully and efficiently. A technology exists that optimizes efficient use of scarce resources. It's called a free market. On the other hand, an "authority" taking over the resource and metering it out ensures very different outcomes: black markets, elitism, cronyism, corruption, and use of violence to enforce the arrangement.


Onward 🫡

Onward 🫡


gm fren 🐸


the hidden costs of short term and long term benefits are not factored in to your statement


In other words, does anyone other than you have the right to dictate the price of your property?
nostr:nevent1qqs8um4649jwd6xnulctzucptdvt8cwx7ad2wnngwy83a75swdakfacpzpmhxue69uhkummnw3ezumt0d5hsyg8zenmu7gzq8ulj5jj4kv50ph3muwz43f747vmr9ld2alrjdswgavpsgqqqqqqsxscwuj


Gm

The term price gouging is a communist slur

Prices increase during a disaster because supplies are reduced and demand increases

https://i.nostr.build/FIrPSEbZoRWQtr2G.jpg


Guy Swann was saying there is some sort of preferred contractor/supplier deal between FEMA and name-your-corporation. Hence why they turned away offers of help from various sources. It would be a first if the preferential suppliers' idea of a "fair" price is fair.