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Can high prices during emergencies actually save lives? Using North Carolina as an example, we dissect the economic and legal implications of these laws, exploring the ambiguities in terms like "unreasonably excessive" and the chilling effect on commerce. Discover how artificially low prices can lead to resource misallocation, discourage stockpiling, and hinder the transportation of vital supplies during crises. Allowing higher prices is, perhaps surprisingly, the only way to get low prices soon.
Links on Price Gouging:
Videos:
- https://www.youtube.com/watch?v=HFXYO1W_JXw
- https://www.facebook.com/watch/?v=1227582290607127
Articles:
- https://www.econlib.org/library/Columns/y2007/Mungergouging.html
- https://www.aier.org/article/three-undeniable-problems-with-anti-gouging-laws/
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1099567#:~:text=Matt%20Zwolinski,-University%20of%20San&text=Price%20gouging%20occurs%20when%2C%20in,needed%20to%20cover%20increased%20costs.
Book o'da Week: https://www.simonandschuster.com/books/What-Went-Wrong-with-Capitalism/Ruchir-Sharma/9781668008263
If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com !
You can follow Mike Munger on Twitter at @mungowitz
資訊
- 節目
- 頻率每週更新
- 發佈時間2024年8月20日 上午11:00 [UTC]
- 長度18 分鐘
- 年齡分級兒少適宜