Monday, October 14, 2013

Supply-demand singularity!

From the Washington Times

Word quickly spread in the Louisiana towns of Springhill and Mansfield that a food stamp glitch was giving recipients an unlimited balance on their Electronic Benefits Transfer (EBT) cards, causing two local Wal-Marts to be completely ransacked on Saturday night.
...
“It was definitely worse than Black Friday. It was worse than anything we had ever seen in this town,. There was no food left on any of the shelves, and no meat left. The grocery part of Wal-Mart was totally decimated,” said Springhill Police Chief Will Lyn.
Over the course of two hours, frenzied shoppers filled their carts with everything they could get their hands on, but when the cards came back online at 9 p.m., people abandoned their carts and left, the Daily Mail reported.

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