With "price gouging" everyone is forced to buy only as much as they absolutely need, leaving more resources for everyone. But that's lost on these economic illiterates who preach 'fairness at all costs'
― the last famous person you were surprised to discover was actually (man alive), Sunday, 10 September 2017 01:53 (seven years ago)
Ok, suppose I'm first in line to buy the $99 tickets at Jet Blue. I'm wealthy, so even though I have a car I could evacuate on, I choose to buy 2 seats for myself and 1 seat for each of my 16 dogs. Maybe if the prices were higher I would have thought twice about buying all the seats. How does that make you feel? You can either have high cost seats available, or no seats. You economic illiterates would just ensure that NO seats are available.
― the last famous person you were surprised to discover was actually (man alive), Sunday, 10 September 2017 01:54 (seven years ago)
I am pretty sure that the "16 dogs evacuated in their own airline seats" scenario is taken from real life.
― A is for (Aimless), Sunday, 10 September 2017 03:27 (seven years ago)
Assume a can opener!
being applied to your cranium
despite the likelihood of there being nothing edible inside
― El Tomboto, Sunday, 10 September 2017 04:39 (seven years ago)
Assume an HP 12C in the hand of every rational agent
https://www.amazon.com/HP-Financial-Calculator-Anniversary-Limited/dp/B005EIHAZG
― El Tomboto, Sunday, 10 September 2017 04:42 (seven years ago)