Every time a disaster like #COVID19 rears its head, politicians and pundits come out of the woodwork to condemn “price gouging.” But what is #PriceGouging? What causes it, and does #Government make it better or worse with regulations?
Hashtags: #Economics #Coronavirus #Disaster #Rationing #FreeMarket #ToiletPaper
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References
Sampson, H. (2020, March 12). Travel prices are dropping almost everywhere as coronavirus fears take over. Retrieved from https://www.washingtonpost.com/travel/2020/03/12/travel-prices-are-dropping-almost-everywhere-coronvavirus-fears-take-over/.
Savodnik, P. (2020, March 19). Can movie theaters survive coronavirus? Retrieved from https://www.vanityfair.com/hollywood/2020/03/can-movie-theaters-survive-coronavirus.
Sowell, T. (2014). Basic Economics. New York: Basic Books.
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