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It is a lot busier than normal, but no panic buying - yet.We have a liquor expert on the board. Somebody call the Sangre hotline.
JoeFan
That vid is over 7 minutes.
How long did you watch? I made 15 sec
Interesting new dynamics going on.
My teenage son works at Best Buy and he said that due to the work from home push they quickly sold out of monitors, keyboards and mice. I imagine printers and scanners will go quickly as well.
We are seeing the biggest work from home experiment ever, and I suspect that when thing calm down a lot of companies will choose to stay with it. If so, that’s a big cost savings on office space, parking, commutes, etc.
I met with a new client this morning and we laughed about not shaking hands, maybe we will bump elbows next time. Hand shaking is actually a pretty bad idea anyway from a hygiene standpoint.
The best way to allocate scarce goods is price. If price is too low, the good is wasted (either directly by not using it wisely or indirectly by hoarding it).All the stores need to raise their prices 50%-100%. That will make sure people quit buying out whole stores. The hysteria just makes all of this more painful. If demand is this high the price should go up.
Just raise prices slowly, say 10% each day until equilibrium is reached. It doesn’t have to be gouging. We raised price of fish dinners (charity event) by $2 and the number of plates sold went from 1100 to 800 for a 2 hr period. The higher number wasn’t sustainable. Both quality and profit improved. Low prices isn’t necessarily good.Tell us more about the benefits of price gauging, Professor.
Higher prices allows for the hoarders to sell some back into the market.That encourages the “get there first and hoard before the price goes up”.
Maybe that’s why price gouging is illegal?
You have a better way to allocate scarcity?Tell us more about the benefits of price gouging, Professor.
Watch out. You'll get a screed devoted to the "benefits" of socialism and communism.You have a better way to allocate scarcity?
I saw Coronavirus pornA friend of mine told me that Coronavirus porn is a real thing. Girls were having sex on top of toilet paper and everything.
You didn’t answer my question. What about the people who are too busy to go to multiple stores or wait for hours to get their TP stipend? Raising price on a scarce good insures it is available at a price.I do have a government solution. AG Slatery Investigates Reports of Price Gouging; Issues Stop and Desist
As I predicted. I do like the drive-through option for us busy professionals.
No, but apparently you want them arrested, you Bolshevik.![]()
Yer kids?
No, but apparently you want them arrested, you Bolshevik.