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Author: Colovion Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 740086  
Subject: Re: Price-gouging laws suck Date: 11/17/2012 3:38 PM
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Disaster has struck an area.

There's only one physician in a neighborhood of 10,000 people.

Triage is what usually occurs, but the physician is amoral.

He will assist only those who have the most money and will pay him cash.

Hardly "voluntary" and, in my opinion, morally wrong.


That's a bit different due to the oath they take, but basically it's the same thing. His services just came into huge demand, there's limited supply... "price gouging" is simply the market's version of triage. It's allocating a precious resource in the most efficient manner possible.

What is he supposed to do, not eat, not sleep, not go to the bathroom just so he can treat every person that comes to his door? He has a right to his possessions too, a right to the fruits of his labor greater than any need anyone else has.
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