Monday, November 12, 2012

Video clip of the day


Entrance question: In the context of natural disasters like Hurricane Sandy, is the individual that hoards goods and/or commodities any more or less virtuous than the store or gas station that price gouges?

Lee Doren addresses the issue and merits of price gouging in this 5-1/2 minute video:


Or more cynically put, price gouging: Anything that is so easy over which politicians can fume and fulminate in order to score cheap political points can’t necessarily be such a bad thing.


1 comment:

K T Cat said...

It's not gouging if people are willing to pay it.