Guerilla hoarding

posted by
April 12, 2011
Ludwig von Mises Institute
by Wendy McElroy  
Posted in Commentary

"Historically, governments have frowned upon hoarding. Especially in bad economic times, stigmatizing the hoarder for 'causing' high prices or shortages because he buys more than his 'share' serves a useful political purpose. They divert attention away from government policies, such as tariffs, that are the true cause of empty shelves and high prices. By stirring up resentment toward neighbors who own one more can of peas than you do, politicians avoid the full and just brunt of public anger." (04/12/11)  

Our Sponsors