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"Price gouging" in emergencies

Rationally Speaking Podcast

CHAPTER

Is It Better to Have Market Prices in General?

Sally Kohn: Are we sacrificing efficiency in exchange for something else, like equality? Kohn: Some subsets of society might legitimately prefer facing shortages and the long lines. What would be far more efficient is if the price rose to a market price., she says. The fact that some people might benefit doesn't make it right; you have to look at what's in your own self-interest,. writes Kohn.

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