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wasoxygen  ·  2044 days ago  ·  link  ·    ·  parent  ·  post: Three Cheers for Price Gouging During Hurricane Florence

I agree that the best way to meet urgent needs following a natural disaster is for humanity to band together as one, loving and supporting one another with generosity and sacrifice.

Many people do this. If enough of us followed the Golden Rule, the gouger will have nothing to do, for people who can get generators through compassion will not pay a premium for generators.

Prices do convey information, which we can also get from the Weather Channel. They also provide an incentive for people to respond to urgent demand, when the Golden Rule is not sufficient.