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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:
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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.
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Monday, November 12, 2012
Video clip of the day
Posted by Dean at 11/12/2012 11:56:00 AM
Labels: economics
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1 comment:
It's not gouging if people are willing to pay it.
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