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257: “Price gouging” in emergencies (Raymond Niles and Amihai Glazer)

Rationally Speaking Podcast, Aug. 18, 2021 (Podcast)

August 18, 2021

257: “Price gouging” in emergencies (Raymond Niles and Amihai Glazer)

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 [UCI Economics Professor] Amihai Glazer, make the case for why so-called price gouging is actually a good thing ….