In response to:

Disaster Ignorance

Scrap Iron in Texas Wrote: Nov 14, 2012 6:54 AM
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.
tibby2 Wrote: Nov 14, 2012 7:24 AM
If a business would bring in generators and offer them at twice the pre-Sandy price and another business brings in generators and only increases the price by 50%, which would you buy from? Both would be sent to jail for price gouging. The victim in the meantime cannot get generators.
king10 - formerly king Wrote: Nov 14, 2012 7:35 AM
put "victim" in quotes....
tibby2 Wrote: Nov 14, 2012 7:53 AM
king10

Thanks for the suggestion. I need a better "editor". You got what I was trying to say. It helps when the reader is smarter than the writer
Mother of 4 -- the original Wrote: Nov 14, 2012 8:14 AM
Exactly.

That competition factor is what prevents outright exploitation and, in due time as restoration continues, brings prices back down to "normal" levels.
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...