Coronavirus and Price Gouging

Coronavirus and Price Gouging

Exactly one month ago, I wrote “A Primer on Price Gouging” to explain why government-mandated price controls are an unwise response when prices for certain goods climb after a disaster. Here’s a video from Johan Norberg on the topic. And here’s Professor Michael...
The Case Against Price Controls

The Case Against Price Controls

An unfettered “price system” is a core feature of capitalism, as explained in videos from Marginal Revolution, Learn Liberty, and Russ Roberts. This video from Don Boudreaux is a great addition to that collection. What happens, though, when politicians interfere with...
A Primer on “Price Gouging”

A Primer on “Price Gouging”

After Hitler’s National Socialists were defeated in World War II, the allies imposed price controls on the German economy for the ostensible purposes of fighting inflation and preventing “price gouging.” That policy led to massive shortages, black markets, and...