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Craigslist Price Gouging Probed By NY AG After Sandy

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  • If there is a shortage of gasoline, or flashlights, or toilet paper, there is going to be rationing. Heck, almost by definition, everything is rationed because nothing is infinite.

    The only question is how the rationing works. There's a law of nature, almost as basic as the thermodynamic pressure/volume/temperature equation, that prices go up when there's more demand than supply, and drop for the reverse. Price is not just money; it includes time and effort. You can buy a prebuilt chair from a store, you

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