Ration(al|ing)
Dear Supermarket Managers:
Learn from Black Tuesday. There was a run on the banks. Here’s how the banks that survived handled it:
- Day one: dole out withdrawals as fast as possible. Passers-by will see there are no long lines and no runs on the bank, therefore they will not add to the panic.
- Day two and on: Make transactions move as slowly as possible. This stretches out the supply of cash on hand for as long as possible.
Granted, there is no supply shortage this time, only a demand surge. But the same economics applies. Here’s how you do it: