Re:Smashing Eggs, Dumping Milk: Farmers Waste More Food Than...
by gruez on Monday May 18, 2020 @01:06PM
(#23225161)
Technically in a free market there wouldn't be any shortages because the prices will go through the roof. Food's still available, it's just that it costs a fortune. This is not what's happening right now because we don't have a free market, due to anti-price gouging laws.
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Re:Smashing Eggs, Dumping Milk: Farmers Waste More Food Than...
by abfan1127 on Monday May 18, 2020 @01:27PM
(#23225463)
Any price is illegal -
Too low - product dumping
Too high - price gouging
same as everyone else - price fixing
I don't know why you're being down voted, especially since you're right.
The best part is when prices sky-rocket, people don't horde, and others see a chance to make some good money, so they switch to the new market. Its simple market signals.