View Single Post
Old 03-22-2024, 8:17am   #1773
Kevin68
Vette Barn Crew
Points: 1,787, Level: 25
Activity: 11.5%
 
Kevin68's Avatar
 
Join Date: Sep 2023
Location: Blanco County, TX
Posts: 449
Thanks: 135
Thanked 357 Times in 166 Posts
Gameroom Barn Bucks: $500
Default

Quote:
Originally Posted by GrandSportC3 View Post
Taking advantage of a panic and causing a shortage of certain items to make a profit is a form of market manipulation. If you engage in market manipulation of stocks, you go to jail. There is no punishment if you cause a shortage of necessities like TP. Luckily, at one point, several retailers created a purchase limit of certain items to help with the shortages. I'm 100% for a free market but taking advantage of suckers or people's necessities during a crisis is not ok in my book. Nobody should be taken advantage of to make a buck IMHO.
Sorry, you do not support free markets nor understand them. Prices are simply a signal - information - about the relative scarcity of a good. That is how producers know what to produce and in what quantity.

You think you know which price or profit margin is too high or excessive is too much, but that is not a the same number for everyone. Price is relative to supply and demand. Low supply/high prices/high demand are three ways of saying the same thing. Distort any one of them and chaos ensues.
Kevin68 is offline   Reply With Quote
The Following 2 Users Say Thank You to Kevin68 For This Useful Post: