Hurricane Ida

Discussion in 'New Roundtable' started by Buzz69, Aug 27, 2021.

  1. mctiger

    mctiger RIP, and thanks for the music Staff Member

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    I bought a generator for this one, before it became clear how bad it was going to be and we decided to evac. Came back after and only had to run it for 3 hours before we got power back. Oh, and we could not get gas in Lafayette today. Only saw two stations operating and the lines were ridiculous.
     
  2. Jmg

    Jmg Veteran Member

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    again if price gouging were allowed, we would not have shortages of gas. but the general public is unable to understand the economics behind it.
     
  3. tirk

    tirk im the lyrical jessie james

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    shut up.
     
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  4. Jmg

    Jmg Veteran Member

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    nope. price gouging saves lives, but its not tenable simply because its political suicide because people are not smart enough to understand it.

    instead people want communist price controls at the time when they are most destructive. thats why i cant get gas.
     
  5. Nutriaitch

    Nutriaitch Fear the Buoy

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    lol.
    i remember reading that article about all the deaths caused by anti-gouging laws.
     
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  6. Jmg

    Jmg Veteran Member

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    this is not a counterargument. like i said, most people dont understand economics well enough to get it.

    in any situation where scarcity kills, the market could almost always save lives.

    when prices rise to market levels, more supply is imported, and hoarding is minimized. it means people have access to much more supply, and there is far less frivolous use and hoarding.

    but yunno, "lol" and whatnot.

    this concept is basically an IQ test. good luck. start by learning why communism fails and how price controls contribute. price controls are always destructive, minimum wage, rent controls, etc. and its worse in times of crisis. rent controls, for example, are so destructive that they are sometimes as effective as fire bombing a city.

    price controls might be one of the more dangerous forces in human history. china's great leap forward was price controls on agriculture (aka anti-gouging laws) that killed maybe 50 million. so first learn why price controls are bad, then try to see if you can understand why those concepts are still true when there is extra scarcity during disasters.
     
    Last edited: Sep 4, 2021
  7. Buzz69

    Buzz69 Freshman

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    Iconsnoozin.gif
     
  8. Jmg

    Jmg Veteran Member

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  9. Jmg

    Jmg Veteran Member

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  10. Buzz69

    Buzz69 Freshman

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    Jmg likes this.

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