Rustic
Diamond Member
- Oct 3, 2015
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- #81
I agree, it should be up to the individual not the federal government. But at the same time ethically it is not the coolest thing to do that's for sure.Why is it wrong? If I own a case of water, why shouldn't I be able to sell it for whatever price I want to sell it for?No doubt that is wrong charging $99 for a case of water, but it should not be illegal. The federal government has much more important things to worry about…while I wholeheartedly support the free market to allocate resources, this might be an exception. From an economic standpoint the laws against price gouging are essentially the government stepping in to reallocate an advantage the wealthy have in times like this.
But even a free marketer like me doesn't mind government interference in this case. Who would?
$99 for a case of water: Texas officials report price gouging post-Harvey
I sell firearms and ammo for a living, during the Obama years I could've jacked up the price but I did not. I have many more customers because of that. And much more consistent sales...
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