Episode description
Episode description
The Minimalists talk about the psychology behind panic buying, and they answer the following questions:What causes panic buying? (01:46)
What are the causes of supply-chain shortages? (08:09)
What have you seen purchased in recent panic-buying frenzies? (12:42)
When might it be appropriate to panic? (14:26)
Is it ever advisable to simply save money for medical emergencies rather than spending that money monthly on health insurance? (15:13)
Can everything be negotiated? (22:18)
Do other countries respond to crises with panic buying similar to the United States? (25:08)
Where is the line between preparation and hoarding? (28:13)
Detailed show notes: minimalists.com/podcast
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