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1) Extraordinarily high prices: Businesses are allowed to increase prices for critical supplies during an emergency, but they are NOT allowed to raise the price of products excessively to take advantage of the current pandemic. While laws vary by state, increases over 20% may be considered price gouging. What canRead More →

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Crisis economics: Price gouging laws perpetuate the hoarding of goods and create shortages. Higher prices encourage consumers to purchase what they actually need, leaving goods on the shelf for others. This discourages consumers from needlessly stockpiling goods. Why should price gouging not be illegal? What alternative institutions would do better?Read More →