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Comment Re:"Surge Pricing" (Score 1) 96

I should be more precise and say "Does the supply of Uber drivers actually increase *relative to demand* with surge pricing?"

If the surge pricing does not increase supply but it does reduce demand, then it is still not price gouging. It is a pricing error by the supplier which they would correct once they realize they are making less money even though they are charging a higher price.

This is why price gouging laws are often associated with emergency situations: both supply and demand have shifted away from equilibrium due to the economic shock so would not respond quickly to prices.

Comment Re:"Surge Pricing" (Score 1) 96

The difference is that your claim that surge pricing is the same as price gouging is incorrect.

Price gouging occurs when you artificially raise the price away from the supply-demand equilibrium. Surge pricing occurs when you naturally raise the price toward the supply-demand equilibrium.

Does the supply of Uber drivers actually increase with surge pricing? If so then it is not price gouging.

Comment Re:Of Course It Is (Score 1) 78

" They are not the ones the GAO is going after...

This is about the FAA and the regulations they enforce when certifying aircraft are safe to fly, not about Boeing's CEO making more money or shareholders getting their profits by cutting safety corners. "

The GAO is not going after the aircraft industry merely because their charter does not permit them to directly go after the aircraft industry.

Nothing is preventing the aircraft industry from meeting these safety concerns ahead of any regulation... except the CEO making more money or the shareholders getting their profits. An explicit claim that current regulation is insufficient is at least an implicit claim that the industry cannot manage without regulation.

Comment Re:Great for free software (Score 1) 212

"free software will have a great competitive advantage."

There's not even motivation to get enough labor to look for security bugs in free software, let alone for deliberate misfeatures. To get it done you'll have to pay someone to do it, and then you'll have a competitive advantage if you have done it with non-free software.

Comment Re:"everyone from PayPal merchants to Rand Paul" (Score 1) 67

"Fiat money also has no real value"

Even in the worst case, the value of fiat money is backed by a) the willingness of the issuing government to accept payments in that currency in lieu of using their monopoly of force to take your possessions, b) the willingness of the issuing government to prosecute as a criminal theft the appropriation of another's fiat money, and c) the effort individuals are willing to expend in stealing.

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