If sheetrock prices triple after a disaster, then what's to stop an enterprising man with a truck from driving outside of the disaster zone and picking up a load of sheetrock to sell for a profit? What's to stop 100 enterprising men from doing that? What would be the result? One hundred enterprising men would have money with which to rebuild, more people would have sheetrock and sheetrock prices would come down. Win-win-win. If prices are fixed, what incentive would anybody have to truck more in? Result? Less profit, no additional income to enterprising men and a sheetrock shortage. Lose-lose-lose.
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...
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