Panic buying, lockdowns may drive world food inflation

Re:Panic buying, lockdowns may drive world food inflation – ... by presumably on Sunday March 22, 2020 @08:15AM (#22654411)

There is no need for such facetious argument.

Your post is strikingly similar to a modern “let them eat cake”.

What does your idea of economic theory suggest for the masses living paycheck to paycheck due to ever increasing wealth inequality as capital begets capital, facing loss of income due to the virus?

Should they be priced out of buying food so that the rich and privileged can continue to do as they please?

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Re:Panic buying, lockdowns may drive world food inflation – ... by ourlordcaffeine on Sunday March 22, 2020 @10:42AM (#22655226)

Some supermarkets in Scandinavia have come up with the perfect solution to this. They implemented "anti-sales" on their POS systems, where each additional item from the same line gets more expensive, disincentivizing hoarders.

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Re:Panic buying, lockdowns may drive world food inflation – ... by chatmasta on Sunday March 22, 2020 @10:45AM (#22655249)

Doesn’t this also mean people need to go to the grocery store more often? Surely this is not safe.

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Re:Panic buying, lockdowns may drive world food inflation – ... by ourlordcaffeine on Monday March 23, 2020 @07:03AM (#22662816)

Not safe from what?

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Re:Panic buying, lockdowns may drive world food inflation – ... by Noumenon72 on Sunday March 22, 2020 @10:57AM (#22655331)

You're talking about the system as though it hasn't been providing people with cake for 150 years. Living paycheck to paycheck is not new. Using markets to distribute food prevents those people from starving by making it worthwhile to create more food.

If people can't afford food, give them more money and let prices rise. This lets them eat and makes the hoarders pay the true cost of their hoarding.

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Re:Panic buying, lockdowns may drive world food inflation – ... by TrinaryWorksToo on Sunday March 22, 2020 @11:19AM (#22655543)

As long as people actually get more money, then I'm okay with prices rising.

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Re:Panic buying, lockdowns may drive world food inflation – ... by guenthert on Sunday March 22, 2020 @12:15PM (#22656055)

I'm living on my savings, so no, I'm not ok with prices rising.

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Re:Panic buying, lockdowns may drive world food inflation – ... by SamPatt on Sunday March 22, 2020 @12:34PM (#22656208)

Inflation is just theft from savers.

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