Have you noticed how, in the pandemic era, people have been panic buying, stockpiling, and hoarding more than usual? Panic buying is when consumers buy unusually large amounts of a product in any of these scenarios: In anticipation of a disaster or perceived disaster following a disaster  in anticipation of an incredibly large price increase or shortage The irony of it all is that there tends to be no shortage to begin with; the panic buying itself precipitates the very shortage people fear. It is a self-fulfilling prophecy of sorts. That, in turn, causes prices to soar and, in the worst cases, price gouging. Talk about a terrible domino effect! Here are four things people have bought in droves at some point within the past 14 months: 1. Toilet Paper and Hand Sanitizer. We witnessed both of these fly off the shelves like hotcakes almost immediately after COVID-19 was declared a pandemic. My wife and I ventured far and wide to snag toilet paper, to no avail. It says a lot that we ha...