478-The Utility and Morality of Price Gouging

Published: Aug. 29, 2017, 6:23 p.m.

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Whenever there\'s a natural disaster, we have various articles on price gouging\'s lamentability, to wit, its harmfulness and illegality.

But, is it really bad?

I say not.

"Price gouging" (or, more accurately stated, the adjustment of market prices to meet changing demand) has tremendous utility for the well-being of all involved and is absolutely upright, moral, and ethical.

Of course, this guy says it\'s wrong, morally and economically. I deal with his "arguments" in the show.

Joshua

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