Episode 162: The Law of Demanding More Supplies
Words & Numbers
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The Immorality of Price Gouging
People will look at this and say, well, stores should not charge more for products in times of great need like this than they do normally. But the problem is if you prevent the store from price gouging, that doesn't all of a sudden make product available to the poor. It makes the product available to people who can get their soonest or people who have connections. A rising price changes the entire calculation that people have to do.
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