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Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up.

Drawn from what John H. Cochrane said

price gouging Whether a price should be allowed to spike in a shortage, and what happens to supply when it is not.

A private bookmark. Not a position, and never counted.

What John H. Cochrane actually said

Word for word, with the source under each one. They did not write this page.

  1. John H. Cochrane

    Economist at the Hoover Institution

    Hoarding goes with price controls, anticipated empty shelves.

Added to korrents 20 Aug 2024 · How quotes work · Something wrong? Tell us

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