Quote:
Originally Posted by retiredguy123
I really don't see how price gouging is an issue with food. The consumer has so many choices about where to eat and what to eat, and there is competition everywhere. You can even go to a soup kitchen for free, if you want. How do you get price gouged on food?
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Rapid inflation is a destabilizing situation. It affects the group psychic of people. Rapid change of any kind is hard to deal with. "Price gouging" in restaurant prices or any other industry's prices may or may not be gouging. Some businesses may take advantage of the inflation situation to get excessive profits. It is harder to prove in a chaotic situation like rapid inflation. Also sometimes businesses in one local area might engage in collusion. Also, in industries with small numbers.