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Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles? (lemmy.crimedad.work)

submitted 2 months ago by [email protected] to c/[email protected]

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cross-posted from: https://jorts.horse/users/fathermcgruder/statuses/113008342518705813

Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles?

#economics #HarrisWalz #PriceControls #gouging

@crosspost

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[–] [email protected] 0 points 2 months ago (1 children)

I still don't understand. Why wouldn't retailers buy from government stockpiles when their regular suppliers are short? The idea is to make up for the shortage so there's no basis for gouging.

[–] [email protected] 1 points 2 months ago (1 children)

Gouging is thus called because it's inherently gratuitous, and not truly due to market conditions.

[–] [email protected] 0 points 2 months ago

How does gouging work when there's no shortage of a given product?