Published Tuesday, January 30, 2007 by Angelo Mike
Recently, several commentators have condemned price gouging in New Orleans as if they were reporting an inherently unjust practice that no reasonable person would accept. So, once again, writes Angelo Mike, it needs explaining why price gouging is not only not bad, but is essential to the welfare of everyone involved. Without it, people don't get the essential goods they need after disasters. Free markets here are humane and necessary.
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"Price Gouging" Is Essential and Humane (1.39 MB)