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?
[ Parent
| on HN ]
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%