Price Gouging during the Pandemic
MARCH 27, 2020
The global coronavirus pandemic is an emergency. Whenever there is an emergency (think hurricanes, earthquakes), there are accusations of price gouging. And whenever there are accusations of price gouging, there are economists who step in and argue that actually price gouging is good, and that anti-gouging laws are bad. Normal people (i.e. non-economists) seem to be pretty unanimous in thinking that price gouging is bad and should be regulated.