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Former Clinton Treasury Secretary Larry Summers slammed moves by Democratic lawmakers to introduce legislation that would counter alleged price gouging, calling it "dangerous nonsense."
Pfizer and Moderna have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in public money to effectively subsidize their development.
It shouldn't be any surprise that given the current shortage in semiconductors, prices could continue to rise for the better part of 2021.
Texas Gov. Greg Abbott has issued a temporary moratorium on all electricity billing throughout the Lone Star State after some customers were charged thousands of dollars for just a few days of power.
The Association of American Physicians and Surgeons filed a lawsuit against Department of Health and Human Services and the FDA for "irrational interference" by the FDA with timely access to hydroxychloroquine (HCQ),
It's an emergency and, therefore, it's once again time for price-gouging idiocy and the further destruction of liberty in America.
It's an emergency and, therefore, it's once again time for price-gouging idiocy and the further destruction of liberty in America.
It's all in the head.
Market prices are the best way to keep up with shifts in demand. Let's let them work as they're supposed to.
Price is the market mechanism that balances supply and demand. If supply increases, or demand decreases, or both, price will fall. Conversely, if supply decreases or demand increases, or both, price will rise.
"Price gouging" turns out to be the one method that prevents shortages during times of crisis.
How would you feel if you received a bill for more than $34,000 after being tested and treated for the coronavirus?
When the stakes are high, it's best to leave idealism out of pricing--and let the market work.
There are a few explanations for the run on toilet paper, but one basic economic lesson explains the shortage.
A couple from Canada have told how they made $72,000 buying massive quantities of Lysol disinfectant wipes and then resold them at over-inflated rates on Amazon in order to take advantage of panic buyer amid the coronavirus pandemic.
As a resident of Florida, I was naturally concerned about how the state would be impacted by Hurricane Dorian.
While the experts are unable to predict where Hurricane Dorian will hit, it is not difficult to issue another prediction that is 99 percent certain to become true: Once Dorian makes landfall, public officials will be enforcing anti-gouging laws.
What does the price of a good matter if you can't buy it because it's all gone?
"Price gouging" serves an important purpose, and it turns out that a fair number of people already understand that.
"Every funeral home in the state knows that victims get $7,500 for a funeral and it's their goal to charge the entire amount because it's easy money,"
Consumers, who are already being squeezed by rising interest rates (even as the return on their cash deposits remains anchored near zero), are facing another potential constraint on their already limited purchasing power.
Price-gouging law has reared its ugly head in the wake of the flooding in Texas. This has totally overshadowed the alleged price gouging that occurred during the eclipse.
It takes guts to go on CNN and explain economic truth – for humanitarian reasons – in the midst of emergency conditions.
As so often happens in the wake of a natural disaster, government officials in Texas are currently investigating claims of "price gouging," which the office of the Attorney General reminds residents is illegal after the governor declares a disast
Blame Anti-Gouging Laws for Shortages
I was grateful for Walmart because by raising its price for milk it thwarted the greedy customers who, without consideration for others, snatch up two and three gallons.
Never underestimate the power of the private sector to rise up to any challenge.
High profits encourage new sellers to enter the market, which brings prices down.
I had been a DirecTV subscriber for years, mostly so I could watch sports, which is the only reason I have a television.
WASHINGTON - We all know traffic in the D.C. region can be a trying experience with long commutes and delays, especially with precipitation falling in the area. But as the first snowfall arrived in the D.C. region Thursday evening, commuters driving
