Random Beer Thoughts

[jedwards]

With beer, you have armchair economists actually taking to time to defend people who want to take all your money. It's insane.

"Take" is pretty hyperbolic for a luxury product no one needs that people are going to stand in line for anyways (from the armchair economist brigade: this means it's still underpriced).

 

[sacrelicio]

"Take" is pretty hyperbolic for a luxury product no one needs that people are going to stand in line for anyways (from the armchair economist brigade: this means it's still underpriced).

A business wanting to "take" your money isn't hyperbole. That's what they all want to do.

But anyways, no **** they can charge more but why would your average consumer be in favor of that? Beer seems to be the only consumer hobby where the consumers actually defend price increases.

 

[steimie]

I'm not defending the price increase. The author of the article may have been. I'm just simply saying that no one in this conversation has any clue what a "fair" (there's a loaded term for you) price is for this or any other beer. To object to the price based solely on speculation is just silly.

Now, if folks want to question the motive of the author, that's a different can of worms.

 

[RedCoffee]

A business wanting to "take" your money isn't hyperbole. That's what they all want to do.

But anyways, no **** they can charge more but why would your average consumer be in favor of that? Beer seems to be the only consumer hobby where the consumers actually defend price increases.

Because the Econ 101 laws of Supply and Demand need to perfectly align to reality. If reality can't be summarized by that soundbite, then it's reality that has the problem. We must work to correct it.

Can you imagine if everything in social science worked this way?

 

[jedwards]

But anyways, no **** they can charge more but why would your average consumer be in favor of that? Beer seems to be the only consumer hobby where the consumers actually defend price increases.

One could as easily ask why you're defending long lines/overcrowded beer releases -- that's the other side of the pricing coin.

 

[JulianB1]

A business wanting to "take" your money isn't hyperbole. That's what they all want to do.

But anyways, no **** they can charge more but why would your average consumer be in favor of that? Beer seems to be the only consumer hobby where the consumers actually defend price increases.

You have to consider what the trade-off is for those price increases. For the case of something like Bourbon County Rare, it might mean being able to buy a bottle without spending one's entire Thanksgiving night standing around in sub-freezing temperatures. For a large enough subset of consumers, that may very well be worth the additional price, in the same way that they'd rather purchase a TV for $500 from the comfort of their couch than line up for hours and try to fight the hordes of Black Friday shoppers at Best Buy to get that same TV for $200.

 

[steimie]

You have to consider what the trade-off is for those price increases. For the case of something like Bourbon County Rare, it might mean being able to buy a bottle without spending one's entire Thanksgiving night standing around in sub-freezing temperatures. For a large enough subset of consumers, that may very well be worth the additional price, in the same way that they'd rather purchase a TV for $500 from the comfort of their couch than line up for hours and try to fight the hordes of Black Friday shoppers at Best Buy to get that same TV for $200.

I just figured folks lining up that early were trying to avoid their inlaws.

 

[jedwards]

Not to change the subject too much from overhyped beer, but the new Veritas will be "the first in the Veritas line to include white peaches" which I believe means it's Yellow Bus.

 

[stupac2]

I'm not necessarily arguing that GI should increase prices, just that when they do people need to not bitch and moan about it. As others have said when the number of people who want something is much greater than the number of the thing available, you have to allot it somehow. I find it incredibly baffling that so many of you seem to think that Soviet-style bread lines is preferable to the capitalist solution of charging the efficient price.

 

[falc0n26001]

I'm not necessarily arguing that GI should increase prices, just that when they do people need to not bitch and moan about it. As others have said when the number of people who want something is much greater than the number of the thing available, you have to allot it somehow. I find it incredibly baffling that so many of you seem to think that Soviet-style bread lines is preferable to the capitalist solution of charging the efficient price.

I have no money right now, so I'd rather wait in line for a more affordable beer than spend a lot of money that I don't have buying it off a shelf. I'm sure if I were rich I would prefer spending money than time. But since time is all I have, I'll stand in line. I completely understand both arguments, though. Goose Island is obviously going to instantly sell out of Rare no matter what, so of course it makes the most sense to them to charge a lot. I'm not gonna bitch, I'm just gonna drink cheap ass bottles of de Garde instead.

Or I'll just wait for it to show up on tap somewhere (or for a Goose Island event in a few years where they'll walk around pouring it for free like they did last year with the original Rare in Portland). There aren't really beer lines in Portland. The bar by my house had Vanilla Rye on tap for almost a week.

 

[LukeAleTime]

I'm not necessarily arguing that GI should increase prices, just that when they do people need to not bitch and moan about it. As others have said when the number of people who want something is much greater than the number of the thing available, you have to allot it somehow. I find it incredibly baffling that so many of you seem to think that Soviet-style bread lines is preferable to the capitalist solution of charging the efficient price.

When the market retracts and demand drops, do you think the price should/will go back down?

 

[furley]

the pricier BCS gets, the worse it used to be

 

[sacrelicio]

I'm not necessarily arguing that GI should increase prices, just that when they do people need to not bitch and moan about it. As others have said when the number of people who want something is much greater than the number of the thing available, you have to allot it somehow. I find it incredibly baffling that so many of you seem to think that Soviet-style bread lines is preferable to the capitalist solution of charging the efficient price.

Everybody ******* and moans about prices on everything. Why is beer different?

 

[sacrelicio]

When the market retracts and demand drops, do you think the price should/will go back down?

Yes. Look at wine. Prices are roughly the same as ten years ago.

 

[sacrelicio]

I'm not necessarily arguing that GI should increase prices, just that when they do people need to not bitch and moan about it.

I bitch and moan when I stub my toe. People complain about things that they don't like.

 

[stupac2]

Everybody ******* and moans about prices on everything. Why is beer different?

Because we're currently on a beer website...

When the market retracts and demand drops, do you think the price should/will go back down?

Should? Yeah. Will? Well, I don't think the market is going to retract any time soon, so that's not a meaningful question.

 

[sacrelicio]

Because we're currently on a beer website...

Should? Yeah. Will? Well, I don't think the market is going to retract any time soon, so that's not a meaningful question.

The market will level out, nothing will go DOWN in price but it won't pace with inflation.

Actually boosting the price of Rare that much at once is a risky move because you have to keep it at that level, even if sales drop, which they eventually will.

 

[danbanana]

Do I have to draw you a picture? Fine:

Ah. Dignity. Not that anyone here would recognize it...

 

[furley]

Ah. Dignity. Not that anyone here would recognize it...

 

[sacrelicio]

I sleep in a racing car, do you?

 

[abawol01]

I sleep in a racing car, do you?

I sleep in a big bed with my wife.

 

[jivex5k1]

I sleep in a big bed with my wife.

Oh...yeah...

 

[masterovkhaos]

Part of me is glad that "rare" beer is getting more expensive. It's forcing me to focus more on brewing my own stuff.

But as I said before, if I get a chance to buy Rare, I'll get it and resell it for $$ cause I have no respect for Goose Island or whoever would be buying my bottle anyway. Plus I need the money for homebrew ingredients and shelf beer.

 

[masterovkhaos]

Also why is no one talking about how Rare is aged in ******* Heaven Hill barrels this time?

 

[sacrelicio]

Also why is no one talking about how Rare is aged in ******* Heaven Hill barrels this time?

What were they before?

 

[JulianB1]

Also why is no one talking about how Rare is aged in ******* Heaven Hill barrels this time?

Because every beer geek is a bourbon cicerone and knows exactly what every bourbon tastes like and what every barrel's character is and that the best bourbon is Pappy and therefore those are the best barrels and Pappy 23 barrels are the bestest because Pappy 23 is the best and most expensive bourbon and that is that.

 

[Mindtrip2012]

Also why is no one talking about how Rare is aged in ******* Heaven Hill barrels this time?

But.....but.....they're 35 years old and "extra oaky"......

 

[sacrelicio]

Because every beer geek is a bourbon cicerone and knows exactly what every bourbon tastes like and what every barrel's character is and that the best bourbon is Pappy and therefore those are the best barrels and Pappy 23 barrels are the bestest because Pappy 23 is the best and most expensive bourbon and that is that.

They have bourbon Cicerones now? Where do I sign up for the test?

 

[Stubs]

The market will level out, nothing will go DOWN in price but it won't pace with inflation.

Actually boosting the price of Rare that much at once is a risky move because you have to keep it at that level, even if sales drop, which they eventually will.

You actually don't. The seller controls the pricing so if the market asked prices would decrease.

See coffee, tea, chocolate, eggs,milk, cheese.


Hell, goat cheese prices change seasonally based on supply and demand.

If the seller doesn't react to the market, they'll find themselves with a loss. If they don't adjust they'll be out of business.

Edit-unless you're saying the actual price of the bottle that is being released not selling and having to be discounted to get off the shelf, in which case LOL.

 

[drgarage1]

They have bourbon Cicerones now? Where do I sign up for the test?

Right here!

http://modcult.org/read/2008/9/9/free-candy-van