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Free Minds & Free Markets

These Students Know More Than Politicians: New at Reason

Politicians condemn price gougers, but students explain why “gouging” is good.

"Gouging" becomes an issue every hurricane season. After big storms, some people raise prices. Then politicians and the media freak out. Both demand tougher laws against "gouging."

But Nobel Prize winning economist Milton Friedman says, "the gougers deserve a medal" because they take risks to bring in goods that people desperately need.

Annelise Kofod, Erika Lewis, and Maggie Hroncich are students who get that.

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The views expressed in this video are solely those of John Stossel; his independent production company, Stossel Productions; and the people he interviews. The claims and opinions set forth in the video and accompanying text are not necessarily those of Reason.

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