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> That was exactly the reason, if you don't do rationing in extreme events, people start to mass panic buy everything

Which is what pricing is for. If people start hoarding then the price goes up and makes hoarding much more expensive. Not only that, it gives the people with a stockpile a financial incentive to put it on eBay and thereby make it available for distribution to other people. Unless they're prohibited from doing so, in which case they carry on hoarding.



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