
"Price gouging" in emergencies
Rationally Speaking Podcast
Price Controls on Toilet Paper and Toilet Paper
Toilet paper is something that the rich can hoard. Vaccines, you can't hoard. You're not going to get ten vaccines. So price controls on vaccines may be much more effective than price controls on toilet paper. Similarly, in a tornado, forthcoming tornado, hurricane, people are not going to hoard huge amounts of wood because they won't need it after two days. And so price controls in those cases are less effective. What about the solution of price controls plus rationing, like wat? Wouldn't that help mitigate the hoarding problem?
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