If price gouging is so terrible, then what about rationing? Same problem. You'll hear the people scream things like, "No one has a right to limit what I may purchase. I have the money, I want all I want." And Mother of 4 is correct. Without a rise in price, there is no incentive to help others by helping yourself (make a profit). It sounds cruel, but in reality, its not. The most telling statement she makes is, and I quote, "Wouldn't it be better to have a generator at double the price than to have no generator?" It sure is, if you want a generator, and were too shortsighted to buy one in advance.
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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