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Thread: The Myth of "Price Gouging"

  1. 02-02-2014, 11:59 PM #1
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    The Myth of "Price Gouging"

    h/t Ryan McMaken: http://www.lewrockwell.com/lrc-blog/...price-gouging/

    Joe Salerno discusses the economics of Price Gouging. Dr. Salerno is the Mises Institute's Academic Vice President. For more information, visit the Mises Institute online at mises.org.

    The Mises View: "Price Gouging" | Joseph T. Salerno
    https://www.youtube.com/watch?v=sw-hyDY_4Q8

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    Frédéric Bastiat (1801-1850)
    • "When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law."
      -- The Law (p. 54)
    • "Government is that great fiction, through which everybody endeavors to live at the expense of everybody else."
      -- Government (p. 99)
    • "[W]ar is always begun in the interest of the few, and at the expense of the many."
      -- Economic Sophisms - Second Series (p. 312)
    • "There are two principles that can never be reconciled - Liberty and Constraint."
      -- Harmonies of Political Economy - Book One (p. 447)
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  3. 02-03-2014, 06:32 AM #2
    gwax23
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    Salernos the man. Good video. Thanks for the share!
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