4 korrents from this piece
Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.
Their wordsPrice 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.
Their wordsHoarding goes with price controls, anticipated empty shelves.
Their wordsBut more deeply, if distributional consequences of a shock are important, then hand out cash. So long as everyone faces the same prices.
Their wordsWe got inflation, but we did not get the devastation that would have been caused by price controls and rationing.