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Price gouging should be legal, because a sharply higher price is what sends scarce supply to the people who need it most.

Drawn from what John H. Cochrane said

Subjectprice gouging
What this subject means

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

Interesting
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

    Price gouging is wonderful for all the reasons that letting supply equals demand is wonderful. When there is a limited supply, then a sharply higher price directs that supply to those who really need it.

    Where this was said

    ↗Praise for Price-Gouginggrumpy-economist.com

    All 4 korrents from this piecethis one is 1st

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

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