tag:blogger.com,1999:blog-35777384.post6310392369683712404..comments2024-03-26T13:58:01.822-07:00Comments on The Dangerous Economist: Price-gouging laws can backfire Cyril Moronghttp://www.blogger.com/profile/07148864847009186694noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-35777384.post-50471936746779122372017-10-27T15:27:06.200-07:002017-10-27T15:27:06.200-07:00Also, the law does not state any specific numbers....Also, the law does not state any specific numbers. It is just whatever Paxton says it should be. If we cannot define it precisely in law, then the whole concept is vagueCyril Moronghttps://www.blogger.com/profile/07148864847009186694noreply@blogger.comtag:blogger.com,1999:blog-35777384.post-59308515692611727862017-10-27T15:25:21.476-07:002017-10-27T15:25:21.476-07:00You have to remember I was simply responding to a ...You have to remember I was simply responding to a previous article that claimed that price gouging was immoral and that author is the one who only looked at one side of the issueCyril Moronghttps://www.blogger.com/profile/07148864847009186694noreply@blogger.comtag:blogger.com,1999:blog-35777384.post-70692693405388127342017-10-27T15:23:30.196-07:002017-10-27T15:23:30.196-07:00Because rationing by ability to pay and price is m...Because rationing by ability to pay and price is most efficient. Think of all the wasted time and gas waiting in line. That just makes the situation worse. <br /><br />So what are your horrible examples?Cyril Moronghttps://www.blogger.com/profile/07148864847009186694noreply@blogger.comtag:blogger.com,1999:blog-35777384.post-831053807059120462017-10-27T12:51:32.728-07:002017-10-27T12:51:32.728-07:00Yes, price gouging laws can backfire, but rationin...Yes, price gouging laws can backfire, but rationing by price is just another form of rationing. If you need to have rationing, why is rationing by ability to pay superior. For every example you dream up I bet I can come up with a horrible example to counter your argument.Anonymousnoreply@blogger.com