Tag Archives: price gouging

133 Words or Less: Feelings Can’t Trump Economics

empty-shelves-small

Far too many Americans think their feelings trump economics. At no point does this become more clear than during a disaster when millions decry “price gouging.” Plenty of articles explain the economic importance of sharply higher prices during a crisis, both in protecting supply, and enticing goods and services into the affected region. (For example […]

Thoughts from Maharrey Head #63: Basic Economics – Why Centralization Never Works

bastiat5

“10 Minutes Closer to Freedom” Ignorance of economics leads millions of Americans to embrace bad political policy. In this episode of Thoughts from Maharrey Head, I outline a few crucial basic economic principles you need to grasp so you don’t fall into politicians’ traps. Minimum wage laws, anti-price gouging laws, regulations and “free” healthcare¬† – […]