An NPR reporter makes all the usual mistakes in describing "price gouging" in taxi rides. It's as if the case is prima facie: "The price went up, someone is evil." Not "I was able to get a taxi ride for a price less than infinity in a snowstorm; it's a miracle!"
I particularly like the "When a $65 cab ride costs $192." Interesting that God decreed that taxi rides are $65. Not true for corn, or hog bellies, or oil, whose prices change all the time.
In fact, the Feds actually commanded housing prices to rise, or there would be a market failure. So it must be okay for some prices to rise compared the-price-yesterday-that-came-from-God.
Why would it be true that a service that sometimes costs one price should always cost that price? And why pick the low price? Why is it not, "In slack times, cab ride that really costs $192 is discounted to $65!"
I particularly like the "When a $65 cab ride costs $192." Interesting that God decreed that taxi rides are $65. Not true for corn, or hog bellies, or oil, whose prices change all the time.
In fact, the Feds actually commanded housing prices to rise, or there would be a market failure. So it must be okay for some prices to rise compared the-price-yesterday-that-came-from-God.
Why would it be true that a service that sometimes costs one price should always cost that price? And why pick the low price? Why is it not, "In slack times, cab ride that really costs $192 is discounted to $65!"
1 comment:
Could have walked in the snowstorm and saved $192, or at least $65. In fact, why not walk all the time and save $65 every time?
I just love people with what appears to be zero business experience trying to decide what prices should be.
Personally, I think NPR is price-gouging. They could pay their executives and others way less.
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