How 'Price Gouging' Helps Consumers During the Coronavirus Pandemic
Q&A with Duke's Michael C. Munger, who also believes that big cities will see rationing and that higher education will never be the same.
Q&A with Duke's Michael C. Munger, who also believes that big cities will see rationing and that higher education will never be the same.
What politicians call "gouging" is just supply and demand. Prices rise and fall all the time.
High prices for sought-after goods cause temporary pain, but not as much as government efforts to "help" frustrated consumers.
Instead of repealing tariffs that are raising aluminum prices, politicians are instead trying to lower aluminum prices by legislative fiat.
High prices can bring much-needed supplies into a disaster zone.
Hospitals gamed the system and costs didn’t come down.
Sugar subsidies are welfare for the rich. They cost consumers billions a year.
Price signals ultimately mean more supplies for disaster-struck areas.
Blame the city Board of Supervisors for unusually high hospital bills.
People getting starry eyed about socialism should look to Venezuela for some important warning signs.
Price gouging is not the evil many officials make it out to be.
Politicians condemn price gougers, but students explain why "gouging" is good.
Change drug prices by changing the market.
Keeping up with New York regulations is enough to shut down some businesses.
Dynamic tolling is no more "price gouging" than any time prices go up because of a scarcity of supply.
Venezuelan grocery stores have products shoppers don't want.
From Walmart to Uber to AirBnB, businesses should be lauded for their generosity and effectiveness in the wake of Hurricanes Irma and Harvey.
So-called price gouging helps send important signals to buyers and sellers.
Americans would save some money now, but at the long-run cost of sicker and shorter lives
The unintended consequences to Americans' lives and health would be substantial and bad
Ballot box is the wrong place to debate drug-price intricacies, in California or anywhere else.
Yes. Next question.
Lifting the ban would lower gas prices and boost domestic oil production - Obama wants to keep it.
They should probably enjoy that cheap gas while they can get it.
For politicians, meddling in markets means never having to say you're sorry.
Government has no business dictating prices in the first place.
Depression era rules manage how much can be sold
States have already tried strict rate setting systems-and given up on them.
Don't even try to make sense of the rules
The containers the man used to store and transport the gas--five gallon Home Depot buckets--are unsafe, says the law. Both the man and the gasoline station owner who sold him the gas face misdemeanor charges for that reason.