Wednesday, March 16, 2011
The difference between “Preparing” and “Hoarding” comes down to a matter of timing. If we acquire and store goods and commodities during times of availability and comparative “plenty”, we are exercising prudence and good sense; it is something we have been advised and counseled to do throughout our lives, and grows out of long experience. That activity is part and parcel of “preparing”. If however, we postpone that practice until a time of scarcity and widespread economic distress, we may well invite the label of “hoarding”, in addition to paying a higher price for almost everything.