Tuesday, October 30, 2012
In the wake of Hurricane Sandy and at the risk of sounding insensitive, I want to link to this excellent piece the Mises Institute re-posted from 2004, called "Price Gouging Saves Lives in a Hurricane." I almost shared it on Facebook, but feared the wrath of those who wouldn't take the time to read it. Give it a chance, and you'll see it's not as ridiculous as you might think at first. It's just sound economics.
Labels: A.K., economics, price gouging
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To a liberal, "price-gouging" just means "charging a price higher than I would like."
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