Does Advanced Econ Justify Kamala Harris on Price Gouging?
The Human Action Podcast
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The Complexity of Price Gouging: JFK and Beyond
This chapter explores JFK's nuanced response to US Steel's price increase in 1962, revealing that his actions were part of a larger public sentiment rather than a decisive intervention. It examines the ethical implications of price gouging during crises, advocating for market-driven solutions that promote resource allocation while addressing the responsibilities of store owners in disaster contexts.
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