Every time there’s an emergency, the prices of certain goods (like masks and hand sanitizer during COVID) skyrocket and the public gets angry about “price gouging.” In this episode two economists (Raymond Niles and Amihai Glazer) make the case for why so-called price gouging is actually a good thing, and Julia raises counterarguments. (August 18, 2021)
Additional works mentioned in the episode:
- Raymond Niles’ website
- Raymond Niles’ petition, “Repeal the Anti-Price Gouging Laws To Ensure Our Health and Safety During this Coronavirus Epidemic” (March 2020)
- “Why No Shortages in Canada as Compared with the U.S.?” (Raymond Niles, April 2020)
- Amihai Glazer’s academic CV and publications
- “Price controls don’t work – but mask rationing is the exception that proves the rule,” Amihai Glazer (April 2020)