Musings about "price gouging"

[oneounceload]

There were no "made" shortages of either underwear or socks in order to increase prices to up to, and sometimes over, 100%.

No, but there was with gasoline in the 70's. There was no "made" shortages of ammo either - it was buyer induced, not seller induced

And yet I suppose you're perfectly OK with paying $12,000 for a thousand gallons of water that only costs you $3-$4 out of my tap, then?

If I lived where there was no water, yes, because that would be the going rate, and just like the video link I posted which you and many seem not to have bothered to watch, charging that would stimulate MORE people to bring water in and the price would start to drop.

Amazing how many have no problem being "GOUGED" (using their term), in their everyday life with things they buy and consume everyday, but when it comes to their hobby, they get incensed. Pretty sad the state of our education system when so many have no clue.....

 

[Queen_of_Thunder]

In trying to define "gouging" one must use the proper context. In regard to ammo, gouging does not exist as its not essential to life as is food and water. Remember context. Thats the key.

 

[Constrictor]

You just gotta love it when you provide dictionary proof and some say "you can have your dictionary definition, that's not what it means to me"

 

[Agsalaska]

Shall we elaborate?

Wikipedia:


Wisegeek.com:

It can't be any more clearer.

You are more ignorant if you deny that there is no price gouging going on, as CTD did as a very specific example selling a $10 GI mag for $100. I bought a ton of GI mags from a friend in Dec for $8/each, and sold them for $20-25 during the panic--not $100.

You are dead wrong. You conveniently highlighted the part about 'life, limb, and property' while completely ignoring the part about 'short term and localized.' You also chose not to highlight the part about 'practices inconsistent with a competitive free market'


It is not price gouging. It cannot be price gouging. It is actually a very very simple economic concept that, for whatever reason, so many people just cannot wrap their minds around.

 

[jcwit]

Well we all now understand Daniel Webster and his dictionary have no idea of the meanings of words.

What a sorry state of affairs.

 

[Robert]

Since this is going in circles let's just call it done.