Yep, price gouging is just regular market-based pricing but when it occurs during an emergency. Why some people think it mysteriously stops being a good system during times of emergencies is beyond me.
>Why some people think it mysteriously stops being a good system during times of emergencies is beyond me.
It's pretty simple: this 'self-regulation' is most harmful to the people who are most vulnerable during emergencies. The rich always have a lot more options to deal with scarcity.
That is the dirty little secret of price gouging laws. It is just the system acting as normal so labeling that behavior as immoral is basically an indictment of the entire economic system.
