“Price Gouging” Gets a Bum Rap
September 5, 2023
When two people voluntarily agree to exchange, there’s no such thing as “price gouging.” It’s just simply the “price.” However, what tends to happen (especially during emergencies) is that buyers are not happy with the emergency “price,” so they call for government to threaten (or use) force against the seller. Buyers want government to ensure them the non-emergency price, which of course, leads to shortages. Ironically, the greatest “price gouger” in society is the government itself.
Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.
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