Rationally Speaking Podcast

"Price gouging" in emergencies

Aug 19, 2021

52:08

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Highlights

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Episode notes

Do Poor People Fail Better Under Price Controls?

02:15

Price Controls in Emergency Cases?

01:34

Rationing Is Always a Worse System

04:51

Introduction

5min

The Supply and Demand Diagram of a Portable Generator

5min

Is It Better to Have Market Prices in General?

5min

Is Rent Control a Good Idea?

1min

Anti Price Gouging Laws in Emergency

3min

Canadian Competition Laws Regulate the Price Surge?

5min

Is the Market a Better System?

1min

Rationing Is Always a Worse System

5min

Do Poor People Fail Better Under Price Controls?

2min

10.

Price Controls Will Make the Poor Worse Off

2min

11.

Price Controls on Toilet Paper and Toilet Paper

2min

12.

Price Controls Plus Rationing Is a Pretty Good Solution?

2min

13.

Is It a Form of Rationing?

3min

14.

Price Controls in Emergency Cases?

2min

15.

The Arguments for or Against Price Controls for Non Emergency

4min

16.

The Problem for the Poor Is Not Liquidity Constrained

2min

17.

I'll Link to a Raymond Niles Article on Price Gouging

2min

Every time there’s an emergency, the prices of certain goods skyrocket -- like masks and hand sanitizer during COVID -- and the public gets angry about price gouging. In this episode, two economists (Raymond Niles and Amihai Glazer) make the case for why “price gouging” is actually a good thing, and Julia raises potential counterarguments.