This guy sent a valuable price signal by buying early providing information to producers to step up production to meet increased demand while building up a stock that would smooth consumption and he got screwed for it. https://twitter.com/jacknicas/status/1238849786356224000 …
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The replies to that are people expressing the desire that there should simply be more hand sanitizer - as if by magic That's impossible and no one has told them so - why? So someone like Gov Cuomo can make a speech about how the fat cats are making a killing at your expense
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This is the exact same behavior that - rightly! - makes men billionaires in the financial market - price signals are complex and it's valuable to get them right. If this guy ran a hedge fund he'd be looking at an 8 figure bonus check for going short on airlines
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Some people will read that and think it's a condemnation of hedge funds
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Let's contrast with this. The NY Times thinks that withholding information that could *save people's lives* if those people don't pay the NY Times is worth it. When will the government shut down the NY Times for information profiteering?pic.twitter.com/Txl5bXx9Yx
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