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Daily Archives: January 8th, 2011

Gouging Is Good

When politicians demonize and prosecute  “price gougers” they demonstrate a lack of understanding of the importance of the price mechanism in allocating goods and services when demand is suddenly greater than supply.  We witnessed this behaviour most recently with Rible and Angelini bashing tow operators for some of the prices charged during the blizzard. Perhaps no one is better than the great economist […]