Why it's OK to price gouge
The Free Liberal
by Paul Jacob
09/27/05
Public officials walk a tightrope about this. On the one hand, they say, 'Yes, we know why prices are rising.' But then they warn against 'taking advantage' of the situation to raise prices 'too high.' But what counts as too high? If ten dollars a gallon isn't competitive, what happens when a station tries to charge that? People go to the station down the block charging three dollars a gallon. For most people, 'Too high' just means 'a price I REALLY don't like.' But prices reflect realities. And the reality is we've been dealt a horrible disaster...
http://www.freeliberal.com/archives/001454.html
Informant: Thomas L. Knapp
by Paul Jacob
09/27/05
Public officials walk a tightrope about this. On the one hand, they say, 'Yes, we know why prices are rising.' But then they warn against 'taking advantage' of the situation to raise prices 'too high.' But what counts as too high? If ten dollars a gallon isn't competitive, what happens when a station tries to charge that? People go to the station down the block charging three dollars a gallon. For most people, 'Too high' just means 'a price I REALLY don't like.' But prices reflect realities. And the reality is we've been dealt a horrible disaster...
http://www.freeliberal.com/archives/001454.html
Informant: Thomas L. Knapp
Starmail - 28. Sep, 10:27
