HeadlessRoland
Shooter
I'm a big fan of Mises if that tells you anything. Virtue has no place in a truly free market. Every transaction is a contract which is a voluntary agreement to a purchase price. I think the gray area here is that the station owner didn't knowingly engage in a contract at a penny per gallon.
I too subscribe to Mises. While I would agree that this was a huge error and in fact no real 'meeting of the minds' occurred, the fact remains that these people saw a deal, took that deal, and ran with that deal, to his total ruination. My advice for him the next time he alters his software: pump a few gallons and see what happens before taking off for the day. I "blame" him as much as I "blame" the [strike]parasites[/strike] consumers looking to buy goods for the lowest possible price. If I install a new motion-sensored gate for my guard-alligators, for instance, I would double-check the results of my handiwork so as not to come home and find Fido's collar on the doorstep. Due diligence versus the 'greed' of the consumer. To me this is similar to not checking what the purchase price of a product is, and then selling it for less than what was initially paid: due diligence must be made in order not to price oneself out of the market. This guy didn't do his due diligence in checking the modifications to the software and this is potentially the penalty. To quote one of my favorite movies: "I must have put a decimal point in the wrong place or something... I always mess up some mundane detail." "Oh, well this is not a mundane detail!" Who is to blame, the chicken or the egg?