Two Cents
Is Price Gouging Bad?
2020 • E13 May 8, 2020 8m
Check out Antarctic Extremes on PBS Terra: https://youtu.be/SzL8D1AtyQs
SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds
SUBSCRIBE to Two Cents! https://goo.gl/jQ857H
Price gouging during a crisis is universally frowned upon and punishable by law in most states... so why would economists say it's actually not a bad thing?
Two Cents on FB: https://www.facebook.com/TwoCentsPBS
Two Cents on Twitter: @twocentspbs
Email us: twocentspbs@gmail.com
sources:
https://www.nytimes.com/2020/03/13/nyregion/coronavirus-panic-buying.html?action=click&module=RelatedLinks&pgtype=Article
https://thehill.com/homenews/state-watch/494993-iowa-man-accused-of-price-gouging-for-toilet-paper-cleaning-supplies
https://www.dmagazine.com/healthcare-business/2020/04/price-gouging-concerns-in-the-covid-19-era/
https://www.cnbc.com/2020/04/10/coronavirus-price-gouging-bill-from-warren-fights-price-gouging.html
https://www.forbes.com/sites/reneemorad/2020/04/20/5-ways-to-avoid-coronavirus-related-price-gouging/#50f670c34922
https://reason.com/2020/03/18/why-price-gouging-laws-are-a-bad-idea/
https://www.econlib.org/archives/2017/09/thaler_on_price.html
https://www.econlib.org/library/Columns/y2017/Davisgouging.html#footnote3
https://www.marketplace.org/shows/marketplace/09012017-2/
https://www.econlib.org/archives/2017/09/a_poll_of_econo.html
https://www.npr.org/sections/money/2012/10/29/163861383/why-economists-love-price-gouging-and-why-its-so-rare
https://consumer.findlaw.com/consumer-transactions/price-gouging-laws-by-state.html
--
Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
P
SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds
SUBSCRIBE to Two Cents! https://goo.gl/jQ857H
Price gouging during a crisis is universally frowned upon and punishable by law in most states... so why would economists say it's actually not a bad thing?
Two Cents on FB: https://www.facebook.com/TwoCentsPBS
Two Cents on Twitter: @twocentspbs
Email us: twocentspbs@gmail.com
sources:
https://www.nytimes.com/2020/03/13/nyregion/coronavirus-panic-buying.html?action=click&module=RelatedLinks&pgtype=Article
https://thehill.com/homenews/state-watch/494993-iowa-man-accused-of-price-gouging-for-toilet-paper-cleaning-supplies
https://www.dmagazine.com/healthcare-business/2020/04/price-gouging-concerns-in-the-covid-19-era/
https://www.cnbc.com/2020/04/10/coronavirus-price-gouging-bill-from-warren-fights-price-gouging.html
https://www.forbes.com/sites/reneemorad/2020/04/20/5-ways-to-avoid-coronavirus-related-price-gouging/#50f670c34922
https://reason.com/2020/03/18/why-price-gouging-laws-are-a-bad-idea/
https://www.econlib.org/archives/2017/09/thaler_on_price.html
https://www.econlib.org/library/Columns/y2017/Davisgouging.html#footnote3
https://www.marketplace.org/shows/marketplace/09012017-2/
https://www.econlib.org/archives/2017/09/a_poll_of_econo.html
https://www.npr.org/sections/money/2012/10/29/163861383/why-economists-love-price-gouging-and-why-its-so-rare
https://consumer.findlaw.com/consumer-transactions/price-gouging-laws-by-state.html
--
Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
P