The Many Wonders of Price Gouging
Why are these shelves empty? Because this store didn’t price gouge. (Photo by Robyn Beck via Getty Images)
Kamala Harris wants to outlaw the very mechanism that enables consumers to buy what they need most in a time of scarcity. What gives?
A few days before the Democratic National Convention, presidential candidate Kamala Harris made a speech laying out her plans for the economy. It included a federal ban on “price gouging,” especially by grocery stores.
Many people—perhaps most people—view price gouging as wrong, maybe even evil. But they’re misguided. Price gouging typically occurs durin…
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