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Tuesday, December 28, 2004

Price Gouging Is Good for You

Cafe Hayek explains why raising prices on essentials in times of disaster can actually be a good thing, because it avoids the exhaustive inquiry that is necessary in any scheme to ration to the "most worthy."

For another riff on the virtue of markets in unexpected places, go here.

posted by James DeLong @ 2:41 PM |

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