All Posts Tagged With: "price gouging"
Gouging, Free Markets, and the Psychology of Fuel
By promoting the individual development and harnessing of fuel, we can avoid the pitfalls posed by centralized control.
25Jul2011 | Paul Schwennesen | 6 comments | ContinuedIt’s Only Gouging When They Do It
Those who complain about “price gouging” (some of whom are probably receiving higher wages through the same process) need to be consistent.
12May2011 | Steven Horwitz | 10 comments | ContinuedThe Gasoline Demagogues Will Be Back
Here we go again. In late February gasoline prices across America were surpassing $3 a gallon. Forecasters are advising us to expect $4 by summer, maybe higher. So be prepared for something else with it all: the broken-record rhetoric of anti-market types about “gouging.” It’ll be coming from a lot of the same people who [...]
23Mar2011 | Lawrence W. Reed | 13 comments | ContinuedSmart Economics: Commonsense Answers to 50 Questions about Government, Taxes, Business, and Households
By Michael L. Walden Reviewed by George C. Leef
1Jan2007 | George C. Leef | 2 comments | ContinuedThe High Cost of Misunderstanding Gasoline Economics
National emergencies, wars, natural disasters—all these things tend to bring about expanded government power.1 Hurricane Katrina was no exception. In addition to promising to spend billions of dollars of other people’s money allegedly to “rebuild” New Orleans and other stricken areas, politicians have been equally generous with other people’s gasoline supplies. In many states, anyone [...]
1Apr2006 | Arthur E. Foulkes | 0 comments | ContinuedOn Price Gouging
The immediate aftermath of a natural disaster inevitably brings much higher prices for staple goods, such as lumber, batteries, fuel, and bottled water. Just as inevitably, these higher prices are roundly decried as unjust and inexcusable. Such price hikes are slapped with the derisive name “price gouging.” And even people who typically endorse markets often [...]
1Apr2005 | Donald J. Boudreaux | 0 comments | ContinuedPeople Before Profits
Whether it’s Nation of Islam Minister Louis Farrakhan leading the Million-Man March, anti-WTO (World Trade Organization) protesters, or AIDS activists, we’re frequently treated to the chant demanding “People Before Profits.” Since profit demagoguery is a deceptively appealing tool used by scoundrels everywhere, let’s demystify the concept of profits. Let’s first get its definition out of [...]
1Nov2003 | Walter E. Williams | 0 comments | ContinuedProfits Versus Love
A few years back we thought about building a deck or a porch on the back of our house. But we decided against it when the estimates started coming in. They were about double what the architect had told us it would cost. Double! Had the architect misled us as a way of encouraging us [...]
1Jun2003 | Russell Roberts | 0 comments | ContinuedIt’s Unpatriotic to Raise Prices After a Disaster?
One issue that caused a minor controversy after the terrorist attacks on September 11 was so-called price gouging. On his popular TV show, The O’Reilly Factor, Bill O’Reilly made a big deal of it with Jennifer Granholm, attorney general of Michigan, and Dan Mogin, a consumer lawyer from California. O’Reilly accused the Sheraton Hotel at [...]
1Feb2002 | Ninos P. Malek | 0 comments | ContinuedCensoring Pleas for Help
Ask people if they favor government censorship and the response will be a nearly unanimous no! Yet if you ask the same people if they favor government price controls, the response will be much more mixed. Ask them if the government should control prices to prevent “price gouging” after natural disasters, and the response will [...]
1Jan1999 | Dwight R. Lee | 1 comment | ContinuedThere’s Some Good in Gouging
Karen Selick is an attorney in Ontario, Canada, and a columnist for Canadian Lawyer The great ice storm of January 1998 left millions of residents of Quebec and eastern Ontario in Canada (and in the northeastern United States) without electrical power, some for several weeks. The storm itself was unprecedented, but it brought with it [...]
1Apr1998 | Karen Selick | 0 comments | Continued-
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