The things that matter in life.

The things that matter in life.
The things that matter in life.

Sunday, April 4, 2021

THE DAILY FUDD: E59: "Video on ammo shortage/high prices, with my--that is, THE--explanation."

Why This Ammo Shortage Is Different - YouTube


MY COMMENT:

It goes to how capitalism rations supplies. Price jump in crisis situations supposedly makes people only buy what they need, leaving some for others. It has its weaknesses to say the least, but it's the nature of our economic system. An alternative would be a government-directed rationing system--so much ammo per family based on size, nature, caliber, and need.

Walter Williams, a noted libertarian, discusses the theory about capitalism here: https://townhall.com/columnists/walterewilliams/2005/09/14/the-role-of-prices-n1402513 "Here's a which-is-better question for you. Suppose a hotel room rented for $79 a night prior to Hurricane Katrina's devastation. Based on that price, an evacuating family of four might rent two adjoining rooms. When they arrive at the hotel, they find the rooms rent for $200; they decide to make do with one room. In my book, that's wonderful. The family voluntarily opted to make a room available for another family who had to evacuate or whose home was destroyed. Demagogues will call this price-gouging, but I ask you, which is preferable: a room available at $200 or a room unavailable at $79? Rising prices get people to voluntarily economize on goods and services rendered scarcer by the disaster."


I recently tried to set the good example by selling some of my stock at barely-break-even prices. I sold out of it fast, but not sure others will do the same to help others.