Source: CounterPunch
by Dean Baker
“Popular restaurants often have long waits for tables, especially on weekend nights. Why don’t the restaurants just raise their prices? … restaurants can just announce to the people standing in line that the menu prices have just gone up by 50 percent. If they still have a long line, they can announce they have doubled the price. And they can keep going until the line has been eliminated. This is a pretty surefire way to eliminate the line. It would also almost certainly mean a large increase in profits for the night. But it’s also something almost no restaurant would ever do. The reason is simple: there is probably no better way to antagonize customers than to play this sort of price-gouging game. … Donald Trump obviously never took an econ class with a professor who gave him this quiz.” (07/10/25)
https://www.counterpunch.org/2025/07/10/trumps-tariffs-and-price-gouging-restaurants/