Take face masks, that front line medical workers don't have, that their procurement offices won't let them buy for 10x - we are all screwed if all our nurses are sick.

You are basically saying "I am ok pricing limited necessary resources up to where only I and people as rich as me can afford them".

Toilet paper availability likely comes down to nothing more than distribution lag.

One scenario is that a few people have taken advantage of low prices to hoard unreasonable amounts.

A second scenario is that the number of people buying a reasonable amount exceeded the assumptions built into the distribution network.

In the latter scenario, high prices pretty much go in the pocket of the retailer (and so on), and availability is still low.

My intent isn't to try to characterize the second scenario as good or bad or okay or whatever, it's to point out a possibility that your comment doesn't address.

I don't believe that necessarily.

I think people are not rational to think that "oh its too expensive" - I think they will still try to hoard it and speculate on prices going up to 15x. And so on and on until the crises ends or they end up with no place willing to sell it.