Words & Numbers cover image

Episode 162: The Law of Demanding More Supplies

Words & Numbers

00:00

What Is a Fair Transaction?

A New York City firefighter was acquitted of price gouging after he sold gas to Hurricane Sandy victims for 18 bucks a gallon. Michael Wolraich: What is a fair transaction? He says it's whatever two parties can agree to, as long as there's no coercion in the bargain. "If you didn't want the gas, well, don't buy it."

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app