Episode 84: Price-Gouging Bans Don’t Make Things Cheaper, They Make Them More Scarce
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The Price Gouging Problem
A thing is worth what you're willing to pay for it. People think that because people find it hard to get water, store owners then take advantage of them by charging a high price. What pushes every price up is scarcity, correct? In part of scarcity, it's in part how much people want the thing.
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