During natural disasters, there’s a sudden and intense spike in demand for the existing stock of resources. This puts upward pressure on prices, and this upward pressure has salutary effects (which we’ll discuss in this episode).
That’s not how most people see it. “Price gouging,” to the man on the street, involves the unconscionable exploitation of vulnerable people’s difficult situations in order to make a quick buck.
Episode 987 to the rescue.
About the Guest
David R. Henderson is a research fellow at Stanford University’s Hoover Institution, and a professor of economics at the Naval Postgraduate School in Monterey, California.
The Contra Cruise
Join us October 15-22 for an unforgettable week at sea!
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