Episode 84: Price-Gouging Bans Don’t Make Things Cheaper, They Make Them More Scarce
Words & Numbers
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The Importance of Price Gouging
As the price goes up, you encourage more Uber drivers to get out on the road who wouldn't be there before. The other thing that happens is you discourage people from taking the Uber. And anytime you look at charges of price gouging, what you really see are politicians inserting them into a transaction that was entered into freely on both sides.
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