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Why You Might Want Some “Price Gouging”

Weekly Economic News Roundup and "price gouging"
Comments (1)
  1. Anonymous says:

    “those of us at the back of the line have a chance of getting gas”. Yeah, as long as you’ve got money in your pockets. The whole point of anti-gouging laws is to make emergency supplies first-come-first-serve. It’s not ideal, but neither is denying emergency supplies to the needy because they can’t afford ridiculous prices. Tolerance to price gouging actually ENCOURAGES hoarding. People hoard emergency supplies just to resell them at ludicrous prices. To be fair, I don’t have any economy-related credentials on my resume. But, based on my personal experience during this shortage of emergency supplies, price-gouging takes advantage of desperate consumers and is morally wrong.

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