Although price gouging harms countless people after a disaster, its upside is the incentive to increase supply.
Rather than gouging or profiteering, higher prices are best described as the incentives we need to boost the world’s face mask supply.
Called “price gouging” by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.
West Virginia’s Attorney General says it’s illegal and “just plain wrong” to inflate the price of water in times of emergency. In addition, he suggests that people keep an eye on what vendors charge for items like hand sanitizer and…