Source: Future of Freedom Foundation
by Jacob G Hornberger
“I recently read that a Motel 6 in Scottsdale, Arizona, is charging $699 a night for next year’s Super Bowl. Is that legal? It sure sounds like a bad case of price-gouging to me. I did a quick search of how much a Motel 6 in Scottsdale costs right now and it came out to around $100 a night. That’s one super-sized price increase! Where are the anti-price-gougers when we need them? How come they aren’t screaming against ‘unjust profiteering?’ Maybe it’s because they see nothing but rich people attending the Super Bowl and figure that there is nothing wrong with price-gouging rich people. But that price increase in actually no different from any other big, temporary price increases in society, such as price increases during emergencies like hurricanes. That’s because of the principle of private property.” (09/26/24)
https://www.fff.org/2024/09/26/property-rights-are-the-foundation-of-a-free-society/