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During natural disasters, there’s a sudden and intense spike in demand for the existing stock of resources. This puts upward pressure on prices, and this upward pressure has salutary effects (which we’ll discuss in this episode).

That’s not how most people see it. “Price gouging,” to the man on the street, involves the unconscionable exploitation of vulnerable people’s difficult situations in order to make a quick buck.

Episode 987 to the rescue.

About the Guest

David R. Henderson is a research fellow at Stanford University’s Hoover Institution, and a professor of economics at the Naval Postgraduate School in Monterey, California.

Guest’s Websites

DavidRHenderson.com

Econlog

Previous Appearances

Ep. 668 An Economist’s Case for a Noninterventionist Foreign Policy

Ep. 210 Mind Your Own Business

The Contra Cruise

Join us October 15-22 for an unforgettable week at sea!

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Audio by Chris Williams Audio.