Tag: price gouging

Exposing The TRUTH Behind Price Gouging

November 8, 2024 | Video

Price gouging encourages competition by pressuring manufacturers and distributors to increase production, which over time, would actually drive down costs. Price controls during a time of crisis, however, do nothing to address the shortage problem.

From Natural Disasters to the Coronavirus: Why Price Gouging Laws Hurt the Most Vulnerable

April 28, 2021 | Video

As a result of the COVID-19 pandemic, there’s been a strong effort to curtail price gouging on items such as hand sanitizer and medical face masks.

What doesn’t get said enough, however, is that forcibly restricting prices from rising above a certain threshold will not in itself influence the market conditions that drive prices up.

Price gouging encourages competition by pressuring manufacturers and distributors to increase production, which over time, would actually drive down costs. Price controls during a time of crisis, however, do nothing to address the shortage problem.

This is the best way to provide relief after a hurricane.

September 27, 2017 | Post

When we experience a large decrease in supply, or an increase in scarcity, the price mechanism helps us know what to do next.
Prices are the moral rationing agents of market exchange.

How “price gouging” could help Houston right now

August 29, 2017 | Post

The invisible hand of the market reaches out to help people in a disaster, but anti-gouging laws cut it off at the wrist.

Featured On Demand Program of the Week: Thought Experiments in Liberty

January 11, 2016 | Post

Join our professors Peter Jaworski, Howard Baetjer, and Matt Zwolinski as they take you into a world of thought experiments that will literally blow your mind as they expand your normal cognitive processes and your worldview. Then take on the thought-provoking questions after each video. Trust us, after completing this course nothing but nothing will […]