Mother Jones on guns and ammo price gouging

Michael Giberson

A post at Mother Jones‘s Political Mojo blog sees a silver lining in current price gouging on guns (see “Gun Lovers Freaking Out Over Price Gouging“): “It might help keep sales in check—at least temporarily—while Congress gets around to thinking about thinking about considering an assault-weapon ban.”

Well, technically speaking, current prices and current sales reflect efforts to coordinate supplies during the current short term spike in demand. If someone wanted to actually limit the number of legal sales they should favor a capped low price rather than a market-driven high price.* Currently the high price is motivating a lot of effort to bring more guns to market; a capped low price would do much more to keep sales in check.

*Gun control advocates should note that the effect of a binding price cap would be to promote legal work-arounds (i.e. “we only sell that model with this handy $150 instruction guide”) or simply motivate more dealers to sell on the black market. In the very short run a price cap would lead to shortages, but over time smart people find ways to overcome barriers.

About these ads

3 thoughts on “Mother Jones on guns and ammo price gouging

  1. It would have been better to plan ahead and have your stockpile of guns and ammo in place already. High prices are the reward for poor planning.

  2. Pingback: Hoffman on price gouging (in which I take on claims made in a 7-year old blog post) | Knowledge Problem

  3. It is some stunning rapportage and that is some elastic demand; you don’t just sell double the volume without filing compliance. Maybe the local users are starting to document current use-cases beyond dummy practice, dummy practice as therapy for having built 30 homes for people and banks you don’t connect with, cow-mangling (probably not) and stubborn fence posts.

    I just haven’t been using the location-based app to see who at the gun show is also thinking of up and usurping swathes of Africa to promote their Malthusian Overlord (and not France.) High prices at the convenience arms dealer, who knew!

Comments are closed.