Quote:
Originally Posted by Kevin Finnerty
If someone says they're being grilled, it doesn't mean they are actually on a grill being cooked, but everyone who hears the term knows what is meant by it.
When too high a price is charged for something, and someone like me calls it gouging, even though the particular offense is not in keeping with the kind of activity that is commonly associated with its literal translation, it is still fairly easily determined what is being described. I also define it as gouging specifically due to its being done umpire-to-umpire.
I also attest that the what-the-market-will-bear approach to draining people of every drop you can has had rather devastating results. Look around. It does not work.
|
A fair market will not drain people of every drop, nor will a smart marketeer. The what-the-market-will-bear approach works well when suppliers aren't artificially suppressed by excessive regulation.