People will still be able to hoard things. The difference is that only the rich will hoard, because everybody else never got the chance.
The normal market logic that high prices encourage extra production doesn't apply during an emergency, when the demand is panic-induced and momentary, and supply changes won't take effect until after the emergency is over.
The actual solution that makes sure everyone gets what they need and theres no hoarding is rationing: limit the number that one person can buy. And that's exactly what most grocery stores are doing.
How is rationing working? supply is still not enough and rationing on that basis still doesn't prevent the "rich" from effectively paying straw purchasers to buy the goods they want to hoard. Hell, it doesn't even prevent people from repeatedly making visits to collect whatever is on the shelves.
I'm not convinced the US government, let alone any western government, has the plan, manpower or infrastructure in place to actually take over distribution of essentials in fair quantities.
What do you mean? Rationing is working fine in the stores that are implementing it, the problem is that so many stores aren't. My local grocery is rationing paper products, milk, chicken, and eggs, and they're always available if you visit before noon.
There is no supply problem for consumer products. The shortages you see at grocery stores are exclusively because of panic-buying and hoarding, the shelves are stocked right back up to full overnight.
The normal market logic that high prices encourage extra production doesn't apply during an emergency, when the demand is panic-induced and momentary, and supply changes won't take effect until after the emergency is over.
The actual solution that makes sure everyone gets what they need and theres no hoarding is rationing: limit the number that one person can buy. And that's exactly what most grocery stores are doing.