Strange But True: “Price Gouging” Benefits People In Disaster Areas

Source: Libertarian Institute
by Brian McGlinchey

“The idea of charging higher prices in the midst of a crisis goes against human impulses about fair play. However, a dispassionate examination of ‘price gouging’ reveals that it actually benefits people in disaster areas — and confirms that, like other forms of price control, anti-price gouging laws make things worse for the people they’re supposed to benefit.” (09/05/23)