The St. Petersburg Times quoted Edward Hudgins, the Washington Director for The Objectivist Center, defending price gouging during emergencies.
“Gouging gets a bad rap, economists argue” is mainly focused on the economic arguments against anti-gouging laws, reporting the views of many economists who argue that these laws lead to shortages and delays in recover. But it also includes several advocates of a moral defense of free-markets. Hudgins is quoted as asking “Why should one hurricane victim by prevented from paying more money for better or faster service, just because another hurricane victim can’t or won’t”?
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