Posts Tagged ‘Price Controls’
Economic Argument for Price Gouging in Disasters – SDP#45
PODCAST-Market-reflective prices in disasters ultimately ensure a better supply of goods. With extreme need arises a Sophie’s Choice: (1) empty shelves, or (2) hyper-expensive items. Dr. Perrodin argues that price controls are over-simplified “solutions” to short-term complicated resource acquisition issues and sides with free market supply and demand pricing during short-duration sentinel events such as…
Read More