Quote:
Originally Posted by Didace
I think you mischaracterize the argument (at least mine). Having the government artificially set a price ceiling is bad and can lead to market conditions that do more harm than good. Enterprises, both large and small, should be free to take in all considerations when making pricing decisions. Including PR issues or just being a good member of the community.
Not allowing price gouging isn't the same thing as setting price ceilings.
If a business were selling gallon jugs of water for $1,000,000,000 each prior to a disaster, they can continue to do so during a disaster.
You are going to have to describe to us, in full detail, why not allowing price gouging during a disaster causes more harm than good. I agree that in some universes (not the particular one we happen to live in), that price gouging could have positive utility. I'd like to hear your view of how anti-price-gouging laws will have negative total utility in the universe that we actually live in. Nothing wishy-washy about ideals that have no relationship to actual human beings, please. An actual negative collective utility. "Well, some dude got arrested for it" doesn't come even close.