price gouging

Is Price Gouging Evil?

What's the best way to deal with shortages after a disaster? Would you believe three Nobel Prize winning economists? All of whom say, "Gouging is good!" And, the best way to get supplies to the people who need the most!

Source: John Kessler YouTube channel.

Transcript:

Stossel: Is price gouging evil?

Everyone agrees that if a seller greedily doubles prices after, say, a hurricane, that's not only bad, it's immoral! People say that when gas prices are raised.

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