During emergencies, increased demand for goods and services often causes prices to rise. Though they may seem cruel, higher prices discourage hoarding and encourage manufacturers to increase production. Price controls that stop the prices of essential products from rising in emergencies lead to shortages that leave everyone worse off.
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Additional resources:
Read “Price Gouging Could Actually Fix Our Face Mask Shortage,” by Russ Roberts via Marker. Available here: [ Ссылка ].
Listen to “The Price of Everything,” with Russ Roberts via EconTalk. Available here: [ Ссылка ].
Listen to Russ Robert discuss propane price gouging on the Charlie Brennan show. Available here: [ Ссылка ]
Listen to “‘Price Gouging’ Is Urgently Necessary,” with David Henderson, via The Tom Woods Show. Available here: [ Ссылка ].
Russ Roberts discusses price gouging on The Adam Carolla Show here: [ Ссылка ].
Listen to “Responding to Natural Disasters” with Richard Epstein via The Libertarian. Available here: [ Ссылка ].
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