
I’m not sure what that’s all about, but it seems that those are part of the OP. I thought you were looking for a discussion as to which was better, rationing or price gouging.
If that’s not what this is about, and all it is is an argument supporting price gouging, then I’d say you didn’t word your OP in that direction very well, but I’ll step out if that’s the case.
Some people, sure. Not all people. I also pointed out that there is little I could do to reduce my consumption, which you apparently ignored. Those who have little to reduce in their consumption will also tend to be those who have little room in their budget to deal with jacked up prices.
So, for those who cannot reduce their consumption or afford jacked up prices, it is not a viable path.
Right, I guess I missed your point with your OP. It seemed as though you were criticizing the govt for putting in price controls without rationing. Instead, I suppose you are just encouraging price gouging.
You keep hammering, but it doesn’t do any good when it misses the mark by so very very much. If gas is at $10, it will still be hoarded by those who can afford to hoard it. Now, even if you really need gas and you get in line as fast as possible, you still can’t afford it, and if you wait, because you don’t want to be a part of the panic buying, then you can’t get it at all.
Pretty close. If I drive very carefully, I may be able to shave off a couple MPG. Maybe at $10 a gallon gas, I do so, and decrease my consumption by 2-3%. That’s not going to solve much.
In order for me to drive any less, I’d have to go to work less, and that’s not really an option.
The whole reason for hoarding in the first place is an irrational reaction to a perceived shortage. People are not acting rationally, which is what you are depending on for the free market to work this way. If prices start going up, people are going to be just as inclined to hoard gas in the fear that the price will be even higher later.
The only way to deal with irrationality in the market place is for a rational actor to come in and take control, and the govt should be the rational actor of last resort. They can fight against the irrationality of hoarding by putting into place rationing systems.
No, it is 100% the hoarder’s fault. The consumer who just wants to fill their tank so they can get to work this week is not at fault.
Not all consumers are hoarding here, in fact, only a small minority are, but in a price gouging scenario, all consumers are punished.