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A comment on Why Henry III's gold penny failed. Parent comment

Re:Why Henry III's gold penny failed by monocasa on Monday January 31, 2022 @04:29PM (#30154703)
Only in perfectly spherical, frictionless free markets that aren't applicable to reality. Practically changes happen quicker than a supply chain can adjust, and that can leave people without critical supplies.
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Re:Why Henry III's gold penny failed by WalterBright on Monday January 31, 2022 @06:16PM (#30156202)
Some businesses do not raise prices, preferring empty shelves to the bad goodwill and accusations of profiteering. Nevertheless, goods and services are always available if the price is allowed to float.

Anti-gouging laws always leave people without critical supplies.

Remember the Great Toilet Paper Shortage a couple years ago?

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Re:Why Henry III's gold penny failed by monocasa on Monday January 31, 2022 @07:06PM (#30156747)
Once again, that's ignoring rationing happening at the same time. Yes APG laws without rationing encourage hoarding, but that's not the scheme generally being discussed.

Additionally, jurisdictions without APG laws also empirically faced widespread shortages during the pandemic, that's not a unique feature of APG laws.

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