Common Sense with Bari Weiss • 1052 implied HN points • 14 Jan 25
- Outlawing price hikes might seem fair, but it can actually hurt people more. When prices are kept too low, it can lead to shortages of essential items.
- Politicians often react to disasters by blaming businesses for high prices, but this can have negative consequences. Price increases can help balance supply and demand during tough times.
- Making price gouging illegal might sound good, but it might actually make it harder for people to find the supplies they need during emergencies.