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Unformatted text preview: ms to me that
these people who raise prices dramatically
after a natural disaster are profiting on
human misery. They see someone in trouble, they see someone who has no choice
but to pay the prices they charge, and they
sock it to them.
Maybe there should be a law that after
natural disaster, no one can raise the price
of anything for at least a month. I think I
would be in favor of such a law. We shouldn’t
allow some people to benefit because other
people are in a miserable situation. M Doug Canterfield,
atrick talks as if price is only there to
take money away from some and give
to others. Price is a rationing device; that
is what all economists teach you. If the
demand for water or motel rooms or gasoline is high, and there is only so much supply, then something is going to have to
ration these goods. What should the motel
owner do? Ration by brute force: if you are
stronger than someone else, you get the
motel room? By appearance: the prettier you
are the more likely you will get a room?
Patrick seems to forget that price has a
job to do and if we don’t let it do its job—
which is rationing—something else is going
to have to do the job. Patrick didn’t suggest
what should become the rationing device
for water, or gas, or motel rooms. He simply
points a finger at sellers and scolds them. P Anabelle Roberts,
high school student
think some good points have been made
on both sides of the issue. I guess I would
argue that if people can help one another
during a natural disaster, they should. If that
means holding prices down, they ought to.
After all, presumably the motel owners
made money on the day before Hurricane
Katrina hit by charging a certain daily rate.
Why can’t they make money after the hurricane if they charge the same rate? I What Do You Think?
1. Who do you most nearly agree with?
2. What are the strong points of the
debate here? The weak points? Unit II The Basics 153...
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This document was uploaded on 01/16/2014.
- Winter '14