PRICE GOUGING ISN'T SO BAD

Thirty-one states enforce “price gouging” laws, which restrict the amount sellers can increase prices after a natural disaster. Art Carden suggests these laws interfere with market signals, distort resource allocation, and actually harm the people they are supposed to help. By artificially holding prices down, the incentives to produce and bring those items to the people who need them are also lowered.
SEGMENT 7 / POM DVD

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