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"Price gouging" in emergencies

Rationally Speaking Podcast

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Price Controls Plus Rationing Is a Pretty Good Solution?

With a price controls, they're difficult to enforce. With the great toilet paper shortage, that's what many retailers did. So in situations where it's not feasible to use vouchers, like in, you know, unexpected emergencies, is it your sense that price controls plus rationing is a pretty good solution? Or do you still think that the downsides of the price controls and rationing, the like distortionary effects and the possibility for som hoarding, even though it's more difficult? Doyou still think that those outweigh the benefits to to people who have a hard time affording the market pricewas tam plearing, oh, yes. I have to think about it.

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