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Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by niij on Wednesday October 11, 2023 @12:32AM (#37840908)
In what way does a higher equilibrium price cause collateral damage? Can you explain what collateral damage you're envisioning?
Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by messe on Wednesday October 11, 2023 @02:01AM (#37841425)
I would have thought: a lack of access to masks during a pandemic due to their in-affordability?

But who am I to question the wisdom of the free market…

Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by niij on Wednesday October 11, 2023 @08:38AM (#37843657)
If you don't let people price goods at what they're worth the buyer is decided by random chance and you get shortages instead. Is there really a human right for "the fastest buyers on eBay should get the goods"?
Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by Nullabillity on Wednesday October 11, 2023 @09:08AM (#37843888)
Clearly the old unit price was already profitable, or there would have been no supply rather than insufficient supply.

Rewarding this kind of greed also isn't exactly pushing society in a positive direction, longer term.

Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by niij on Wednesday October 11, 2023 @09:20AM (#37844010)
Do you see any downsides to government's setting prices? There have been a few examples of this in the 20th century..

> Rewarding this kind of greed also isn't exactly pushing society in a positive direction, longer term.

Call it what you want, but they're the ones making and providing goods we all agree are necessary :) money is the tool our society uses to incentivize more of that behavior.

Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by Nullabillity on Wednesday October 11, 2023 @12:00PM (#37846199)
> Call it what you want, but they're the ones making and providing goods we all agree are necessary :)

Bullshit. The owning class doesn't make anything, and the actual workers won't see a cent of that surge pricing.

Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by niij on Wednesday October 11, 2023 @12:17PM (#37846422)
> The owning class

Ok lol. I see I'm not revolutionary enough.

Re:US Sues eBay for Allowing Sale of More Than 300k Emission... by jmopp on Thursday October 12, 2023 @10:50AM (#37858006)
Goodharts' Law applies to money too. Government action need not be as draconian as a centrally-planned economy to push incentives just enough to eliminate the worst excesses. How much is 'just enough' is, of course, up for debate. But the answer is not 0% just as it obviously isn't 100%