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Old 09-01-2017, 06:19 PM
 
26,694 posts, read 14,579,129 times
Reputation: 8094

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Quote:
Originally Posted by peequi View Post
The liberterian in me says allow price gouging. That is how free market needs to work, freely.

And also how hard is it really to fill up the tank BEFORE the storm comes. Or have one of those gas storage containers in the shed. Price gouging, good or bad? That is a minor issue to me. You got many people who simply don't do basic preparedness.
How about this? Pay after the crisis is over just like hospitals.

Would that be acceptable?
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Old 09-01-2017, 07:11 PM
 
21,430 posts, read 7,466,280 times
Reputation: 13233
" Gas Station (Houston) charging $20 bucks a gallon for gas... "

That's how a free market works. It can be astoundingly inhumane some times.
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Old 09-01-2017, 07:25 PM
 
Location: Suburb of Chicago
31,848 posts, read 17,628,263 times
Reputation: 29385
For the other side of the argument, do a search on 'price gouging saves lives during disasters'.
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Old 09-01-2017, 08:19 PM
 
Location: North of Canada, but not the Arctic
21,156 posts, read 19,742,228 times
Reputation: 25693
If people are willing to pay $20 a gallon, why shouldn't a gas station sell it to them for that amount? If no one is willing to pay that much, the price will come down.
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Old 09-01-2017, 08:29 PM
 
26,694 posts, read 14,579,129 times
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Quote:
Originally Posted by Retroit View Post
If people are willing to pay $20 a gallon, why shouldn't a gas station sell it to them for that amount? If no one is willing to pay that much, the price will come down.
Because all life saving essentials should be free.

Free food, free water, free medical care, free everything.
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Old 09-01-2017, 10:24 PM
 
Location: Native of Any Beach/FL
35,711 posts, read 21,081,460 times
Reputation: 14257
Quote:
Originally Posted by lepoisson View Post
Not sure how gas will help in that situation. If you are wanting to leave the area, why not buy 5 gallons at $10/gal, then fill up again when you leave the flood zone where prices are normal?
What are you not getting.? If you get to the gas station you probably will never get back to it and it will be closed when it runs out .
Know what worries me here, if there ever was a terrible event in your areas. You all be lost.
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Old 09-01-2017, 10:26 PM
 
Location: Native of Any Beach/FL
35,711 posts, read 21,081,460 times
Reputation: 14257
Quote:
Originally Posted by lifeexplorer View Post
Once again, science is not democratic and doesn't care your feelings.

Are you anti-science? This is not a disputed fact in economics - price control creates scarcity and scarcity hurts people, sometimes, kill people.

Does it really take a genius to figure that out?
So are you volunteering and joining me in Texas? make it scientific research,,, so?
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Old 09-02-2017, 06:31 AM
 
16,956 posts, read 16,765,643 times
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To Gougers: Would being better prepared have helped? While filling your gas tank and stocking up on water is advisable (and sensible) during a hurricane, to avoid price gouging, in this particular flooding event, it's hard to carry your baby in one arm and a case of water in the other through the flood water... Full tank of gas already? You filled up before the storm hit? If you couldn't get out in time, your car is full of gas under 6 feet of water. So those who "prepared" still got the shock of their lives when their street became a lake...
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Old 09-02-2017, 06:38 AM
 
21,430 posts, read 7,466,280 times
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Quote:
Originally Posted by lifeexplorer View Post
Once again, science is not democratic and doesn't care your feelings.

Are you anti-science? This is not a disputed fact in economics - price control creates scarcity and scarcity hurts people, sometimes, kill people.

Does it really take a genius to figure that out?
That is why rationing, with price controls, is the most fair solution.

Americans, especially those with libertarian leanings, dislike that solution, it is 'inconvenient' and 'bothersome'. The only available solution in a free market economy is price gouging, which limits the number of hoarders to the very well heeled ones, and ordinary folks can take their chances and desperation in equal measure.
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Old 09-02-2017, 10:04 AM
 
26,694 posts, read 14,579,129 times
Reputation: 8094
Quote:
Originally Posted by Hesychios View Post
That is why rationing, with price controls, is the most fair solution.

Americans, especially those with libertarian leanings, dislike that solution, it is 'inconvenient' and 'bothersome'. The only available solution in a free market economy is price gouging, which limits the number of hoarders to the very well heeled ones, and ordinary folks can take their chances and desperation in equal measure.
There's absolutely nothing fair about it!
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