5 ms·
It's too easy as a catch-all to say "everything can always be priced in". Right now 48 states (I can't find anything saying all 50) are in a state of emergency,
by backslash_16 6y ago
It's too easy as a catch-all to say "everything can always be priced in". Right now 48 states (I can't find anything saying all 50) are in a state of emergency, which prohibit raising prices more than around 10% or 20%.
I'm bringing up these points because over the last month I have come to also think either state or federal government needs to take responsibility and buy these makes from a local producer - even when there is no pandemic.
I don't think our connected web of hospitals, suppliers, and insurance companies have the right incentives to use local, "expensive" suppliers when there are lower cost non-local suppliers and these non-local suppliers have stocks.
[1] Price gouging percentages - https://www.natlawreview.com/article/coronavirus-emergency-declarations-trigger-anti-pricing-gouging-laws https://www.natlawreview.com/article/coronavirus-emergency-d...
[2] State of emergency - https://www.businessinsider.com/california-washington-state-of-emergency-coronavirus-what-it-means-2020-3 https://www.businessinsider.com/california-washington-state-...