mad anthony

Rants, politics, and thoughts on politics, technology, life,
and stuff from a generally politically conservative Baltimoron.

Friday, August 20, 2004

Florida supplies law of suppy and demand...

Floridia has announced that it is going to be going after people who are "price gouging" in Florida after huricane Charley. Price gouging is going to be based on the average selling price of goods before the hurricane.

News flash to the People's Republic of Florida - there is a little thing called the law of supply and demand. When the supply of something stays the same and demand increases, prices adjust upward in order to allocate scarce resources for those who are most willing to pay for it.

The article includes this quote: That might be reasonable and that might not, but there's no way of knowing," she said. The price could drop after a wait, Kusnetz acknowledges, yet a delay could bring more damage to her house.

That isn't price gouging, that is what people like to call a rational decision. The benefits of not having her house further crushed by trees was more than the cost, so she paid for it.


At 12:58 PM, Anonymous Anonymous said...

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