Earlier quoted context omitted.
> The decisions you make regarding your own needs are always going to be much more efficient than those that any rationing authority could ever make. If that were true, then hoarding wouldn't happen in the first place. You're obviously wrong here, and there's abundant evidence that consumers don't always make the best choices for themselves. Try scaling back your claims to something less absolute.
The hoarders benefit massively from hoarding. They benefit from a regulation that prevents the markets from responding to shortages and spikes in demand. They have no problem whatsoever deciding how to allocate their resources in that situation, which is the entire problem, because the market doesn’t force them to. An individual will always, every single time, without fail, know what they need better than a 3rd party…
This is completely false. Most individuals in a panic buying situation never know what they really need compared to a calm, educated and knowledgeable 3rd party. This crisis has also proved your assertion wrong - witness the mass buying of perishable foods and toilet paper.
Food that was thrown out in a weeks time into garbage and food that was denied to others because of panic buyers.