Tuesday, October 3, 2023

[Repost from 2009?] Stossel on price-gouging

Another video story as only Stossel can tell it, from his time at ABC's 20/20. 

See previous, and funny and tragic posts on price gouging laws that 
  1. make it easy for low value buyers to outbid higher value buyers for the scarce goods; and
  2. eliminate the incentive for suppliers to: (i) prepare for the next emergency; or (ii) enter the market in this one.
NOTE: Stossel left ABC for Fox in 2009, and this original story ran on ABC.

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