avatar

478-The Utility and Morality of Price Gouging

Radical Personal Finance
Radical Personal Finance
Episode • Aug 29, 2017 • 1h 36m

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

Switch to the Fountain App