# Principles of "Folk Economics"

**URL:** <https://boards.straightdope.com/t/principles-of-folk-economics/767912>\
**Category:** In My Humble Opinion\
**Created:** [October 8, 2016, 6:13am UTC](https://boards.straightdope.com/t/principles-of-folk-economics/767912 "2016-10-08T06:13:10Z")\
**Posts on this page:** 3\
**Page:** 2

<div class="post-metadata">

**Author:** ![drewder](https://avatars.discourse-cdn.com/v4/letter/d/57b2e6/32.png) [@drewder](https://boards.straightdope.com/u/drewder)\
**Post date:** [October 9, 2016, 12:13am UTC](https://boards.straightdope.com/t/principles-of-folk-economics/767912/21 "2016-10-09T00:13:41Z")

</div>

> [@Ruken](#):
>
> I specifically called out [price gouging](https://en.m.wikipedia.org/wiki/Price_gouging), so I don’t know why you’re responding with a comment about monopolies.

I think the entire concept of price gouging could fall under the OP’s definition of folk economics.

---

<div class="post-metadata">

**Author:** ![hogarth](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hogarth/32/1773_2.png) [@hogarth](https://boards.straightdope.com/u/hogarth)\
**Post date:** [October 9, 2016, 3:56am UTC](https://boards.straightdope.com/t/principles-of-folk-economics/767912/22 "2016-10-09T03:56:01Z")

</div>

If a stock price is high, it has a greater chance of going down than it does of going up. Conversely, if a stock price is low, it has a greater chance of going up than it does of going down.

---

<div class="post-metadata">

**Author:** ![Mijin](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mijin/32/9369_2.png) [@Mijin](https://boards.straightdope.com/u/Mijin)\
**Post date:** [October 9, 2016, 4:08am UTC](https://boards.straightdope.com/t/principles-of-folk-economics/767912/23 "2016-10-09T04:08:04Z")

</div>

> [@Ruken](#):
>
> I specifically called out [price gouging](https://en.m.wikipedia.org/wiki/Price_gouging), so I don’t know why you’re responding with a comment about monopolies.

I think because I said “monopolies / price gouging”.

I didn’t give much thought to what I was saying, but then I was just trying to guess what someone else’s point was.

[Previous page](https://boards.straightdope.com/t/principles-of-folk-economics/767912.md?page=1)