Saturday, May 21, 2022

My response to the WHO pandemic response (whichever pandemic they see) is the same as my response to any cry for safety because "people will DIE!": Liberty is more important than life.

Adjusting to supply and demand

"Price gouging" is what the economically ignorant call it when the price adjusts to higher demand and lower supply.

To oppose this means you're OK with the first person who comes along buying it all at an artificially low price.

Or worse, that you'd have government set limits on how much people can buy.

Either way, no. Let the price move to reflect the relationship between supply and demand (and don't let government manipulate those, either).


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