In response to:

Disaster Ignorance

calrepublican only 3 of us Wrote: Nov 14, 2012 10:47 AM
who gets to decide what is price gouging? when it is twice as high? 5 times?, 10 times?, 100 times?
DB07 Wrote: Nov 14, 2012 11:00 AM
I should have answered you question more directly. I had heard that the law in NJ considers prices increases above 10% to be "gouging".
RepubRob2 Wrote: Nov 14, 2012 10:55 AM
I could be wrong, but I think it's the same people Obama is going to appoint to be on the health care panels who get to decide who gets access to life-saving surgery and medications, and who doesn't.
DB07 Wrote: Nov 14, 2012 10:52 AM
I think the point was that price gouging is primarily a myth, except for in the laws that define it. It doesn't exist in real-world free-market economics.
calrepublican only 3 of us Wrote: Nov 14, 2012 10:49 AM
I would just like the free market work people will remember if store owners were gouging them and will not use that store in the future. It works out in the end.
Here's a which-is-better question for you. Suppose a New Jersey motel room rented for $125 a night prior to Hurricane Sandy's devastation. When the hurricane hits, a husband, wife and their two youngsters might seek the comfort of renting two adjoining rooms. However, when they arrive at the motel, they find that rooms now rent for $250. At that price, they might decide to make do with one room. In my book, that would be wonderful. That decision would make a room available for another family who had to evacuate Sandy's wrath. New Jersey Gov. Chris Christie and others condemn this...