Guess who is Gouging again?

[hoosierdoc]

They are doing exactly what companies are supposed to do in a panic buying situation, raise the price to curb hoarding. If more companies did that then we wouldn't have people hoarding TP or fighting over it. The real greed here comes from those that want to hoard on the cheap.

Exactly this. Price should go up as supply dwindles

 

[IN71vet]

Their business model. They will either live by it or die by it. They don't need to ask our permission. I'm not buying so it bothers me not.

 

[churchmouse]

Their business model. They will either live by it or die by it. They don't need to ask our permission. I'm not buying so it bothers me not.

This. And I recommend to others not to use them as well but we are all adults here.

 

[thunderchicken]

Buy it or don't buy it, pay the price now or wait it out and the price will drop.
Better question is why aren't you already adequately stocked for what you have?

 

[M67]

Buy it or don't buy it, pay the price now or wait it out and the price will drop.
Better question is why aren't you already adequately stocked for what you have?

Pretty much this. Least we have a free market

Damn evil capitalism

 

[BiscuitsandGravy]

Buy it or don't buy it, pay the price now or wait it out and the price will drop.
Better question is why aren't you already adequately stocked for what you have?

Wise words the chicken speaks...

 

[Alamo]

Yes. Capitalism sucks, as does the supply and demand theorem. CTD are free to charge as they please, and one is free as to whether one does business with them or not. Seems many are all for freedom and liberty 'gov leave me alone' up until the point things get a little spicy, then it's time for almighty gov to step in and give crap away to save us all.

Meanwhile, we be skinnin' our smoke wagons at the Costco TP aisle: https://fox59.com/news/coronavirus/...nce-while-shopping-amid-coronavirus-pandemic/

We seem to be a very frail and delicate people these days. What happens when things get REALLY interesting?

Exactly this. Price should go up as supply dwindles

Their business model. They will either live by it or die by it. They don't need to ask our permission. I'm not buying so it bothers me not.

Yup.

When Trump got elected and AR-15 prices dropped dramatically because retailers had laid in oodles of them, did customers offer to pay extra to "be fair" or did were they happy to engage in "reverse price gouging" and take advantage of the retailers' problem? That was just bad luck for the retailers. But when customers haven't bothered to lay in a supply of [ammo/toiletpaper/food/whatever] in anticipation of bad times, then it is the retailer that must sell out his normal supply at lower prices and then essentially be out of business until manufacturing catches up, or he is "gouging."

 

[HoughMade]

Pretty much this. Least we have a free market

Damn evil capitalism

Everyone loves freedom...unless it's someone else's.

 

[Ingomike]

This thread is about simple minded foolishness. Many here talk all libertarian about gun rights but clearly can't apply that in other areas.

The truth is the anti-gouging laws are from a government hell bent on making you dependent on that very government. They really have a law, that forces people to be dependent on them, they sold that law to the suckers as a fairness law. Life ain't fair! Really! A law that stops the invisible hand of profit and freedom from meeting the needs of the people and allowing the industrious to thrive.

Simple fact:

In times of shortage raising the price creates more buying opportunities for all.

Let us look at this ammunition situation. We have a scenario now that a lot of new folks are suddenly aware they have no protection for their homes and families. They are panicked and at the last minute want to do something about it. They go to a store to buy a gun and ammo, they couldn't care less the price in the moment, they have a problem that needs to be solved, price be damned. Now the retailer some of you think that should sell their scarce resource at the same price before the panic has guns but no ammunition because it all sold out. Yep, some folks with 100,000 rounds decided to top off their private stores, and why not? The prices are great, so no penalty, to them. The late to the party gun buyer is not worried about ammo prices going way up, he just needs some and if it sells cheap, that doesn't help him at all.

Simple fact:

Not changing prices, to market value leads directly to shortages.

Take the sanitizer guy, he would have never existed if retailers had changed prices to match demand, and that would not have been just one adjustment, but several to find the point the market quit hoarding and leave products for the people that most needed them. Same with TP. The first time the retailer was cleared out the price should have gone up $5, cleared again up $5, cleared again up $5 until the clear outs stopped. When the price goes up hoarding tapers off. The benefit is that some would be available for those that need it most and they do not care as much about price because they NEED it.

So please, think on this information and ponder it deeply. There are only two choices cheap and no supply, or expensive and available.

Do you really want government dictating markets? What you can buy or sell and for how much?

 

[Rookie]

Exactly. My wife noticed Walgreens had one four pack of Scott's toilet paper. She grabbed it, realized it was $9.00, and put it back.

 

[Clay Pigeon]

Do you really want government dictating markets? What you can buy or sell and for how much?

13 States already govern markets during emergencies.
Price Gouging Law and Legal Definition. At least 13 states — Alabama, Arkansas, Florida, Georgia, Indiana, Louisiana, Mississippi, New York, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia — have enacted statutes to deal with price gouging in the event a state of emergency is declared.

 

[Ingomike]

Exactly. My wife noticed Walgreens had one four pack of Scott's toilet paper. She grabbed it, realized it was $9.00, and put it back.

That is what is supposed to happen, love it! That pack is available for some family that really needs TP.

 

[Hohn]

That is what is supposed to happen, love it! That pack is available for some family that really needs TP.

Finally someone with some economic literacy^^. WRITE A LETTER TO CTD THANKING THEM FOR LETTING ECONOMICS WORK. Sky high pricing or "gouging" is exactly what is needing in a shortage. Because it 1) stimulates supply 2) discourages demand, and 3) makes it impossible for hoarders to act as middle men and speculate.

If walmart would have had the courage and sense to raise the price of .22 bricks five year ago, they could have single handedly ended the shortage of 22LR. But nope. They let a bunch of speculators come in and buy them out every week and then flip it at gun shows for $80/brick.

Raise the prices. PLEASE. As high as it takes to break the speculators and hoarders and make them lose their shirts if they buy it all up. Dunham's is really ahead of the curve on this, as they've had "panic" pricing in effect since 2016. I bet you can still find the "christmas 2016" CCI .22LR on the endcap in the Columbus store still for $5.99/50

ALways remember: EXPENSIVE AND AVAILABLE BEATS CHEAP AND UNOBTAINABLE EVERY TIME. THIS is why we had gas shortages in the early 1980s and no shortages at all in 2008. Prices in 2008 were allowed to rise and discourage consumption while allocating supply. But during the previous gas crunches under Nixon and Carter, they fixed prices. And in both 1973 and 1979, we had gas lines. In 2008, oil prices were comparably much higher and demand was more severe, but because there were no price controls, the spike in prices was allowed to do its job and it came to pass.

 

[Clay Pigeon]

Seems placing limits on some products would do the same without breaking over customers that can pay the products at 300-500% markups.
Most likely that family that needs that 4 pack of Scotts cant afford over 2 dollars a roll paper that normally sells for under a dollar.

 

[two70]

ALways remember: EXPENSIVE AND AVAILABLE BEATS CHEAP AND UNOBTAINABLE EVERY TIME.

This is by far the simplest and truest statement of this entire thread!

The bottom line is that if you can afford to b.... about the cost of something, then you don't need it badly enough.

 

[Ingomike]

Seems placing limits on some products would do the same without breaking over customers that can pay the products at 300-500% markups.
Most likely that family that needs that 4 pack of Scotts cant afford over 2 dollars a roll paper that normally sells for under a dollar.

An artifical impediment will not stop the speculators. The gray market pricing will encourage them to find a way around this.

 

[two70]

Seems placing limits on some products would do the same without breaking over customers that can pay the products at 300-500% markups.
Most likely that family that needs that 4 pack of Scotts cant afford over 2 dollars a roll paper that normally sells for under a dollar.

Rationing is certainly a popular alternative but the problem is it doesn't discourage panic buying because it does nothing to reduce demand. Most places tried rationing ammo during the last panic and it didn't work because A. people found a work around, ie. hitting multiple stores or making multiple trips or B. there was simply so many people looking to buy ammo that demand exhausted the supply even with the limits.

 

[Ingomike]

Hohn brings up a great point, those complaining about this are not accounting for the retailers losses from having no products to sell when panic buying clears them out.

 

[HoughMade]

13 States already govern markets during emergencies.
Price Gouging Law and Legal Definition. At least 13 states — Alabama, Arkansas, Florida, Georgia, Indiana, Louisiana, Mississippi, New York, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia — have enacted statutes to deal with price gouging in the event a state of emergency is declared.

Hey, there's a law.

I guess that solves it.

Some of you seem to think there's some sort of solution to irrational, antisocial behavior.

Well, there is. Be rational and be thoughtful about the needs of others.

Barring that, there will be a bit of a mess until things start to normalize. We might as well get used to it.

 

[AmmoManAaron]

Rationing is certainly a popular alternative but the problem is it doesn't discourage panic buying because it does nothing to reduce demand. Most places tried rationing ammo during the last panic and it didn't work because A. people found a work around, ie. hitting multiple stores or making multiple trips or B. there was simply so many people looking to buy ammo that demand exhausted the supply even with the limits.

"[STRIKE]Life[/STRIKE] Capitalism finds a way"