Price Gouging Rears Its Lovely Head

Letter 1

Dear Walter:

I just heard of hand sanitizer that pre-Corona would have cost $3, now selling for $30.  I assume the libertarians think it’s okay and not “price gouging.” Correct?


Letter 2

From: Michael Edelstein

Subject: Re: price gouging

Price gouging is good.

As an anti-price gouger, do you favor price controls on gasoline?

You’ve noticed when the supply is short, prices rise?

Warm regards, Michael

Michael R. Edelstein, Ph.D.

Clinical Psychologist

Co-author of Three Minute Therapy

with David Ramsay Steele, Ph.D.

Features help for anxiety, depression,

relationships, panic attacks, addiction

Letter 3

Dear Marty:

No, it IS price gouging. Price gouging is good. Thank God, so to speak, for price gouging.

Baecker, 2020; Boudreaux, 2019; Carden, 2019; Chernikov, 2017; Culpepper, and Block, 2008; de Molinari, 1871; Jacoby, 2019; Klein, 2020; Mankiw, 2006; Mitchell, 2007; Munger, 2007; Murphy, 2006, 2007; Perry, 2019; Vance, 2019; Wangsness, 2005; Westly, 2005; Western Standard, 2009; Williams, 2012; Woods, 2002; Zwolinski, 2008

Baecker, Christopher E. 2020. “The Noncrime Known as ‘Price Gouging.’” March 26;

Boudreaux, Don. 2019. “I Sat on My Couch and Didn’t Tote Food or Water to Bahamian Victims of Hurricane Dorian.”September 8;

Carden, Art. 2019. “Price Gouging Laws Are Knowledge Embargoes That Should Be Repealed.” August 31;

Chernikov, Dmitry A. 2017. “In Defense of ‘Price Gouging’.” September 8;

Culpepper, Dreda and Walter E. Block. 2008. “Price Gouging in the Katrina Aftermath.” International Journal of Social Economics; Vol. 35, No. 7, pp. 512-520;;jsessionid=D99C6D908AEA5910439BB07AF99D0F48?contentType=Article&contentId=1729159

De Molinari, Gustav. 1871. “The Feeding of Paris During the Siege.” Revue des deux mondes. Vol. 91. – 1 January, pp. 112-123;

Jacoby, Jeff. 2019. “‘Price gouging’ during natural disasters isn’t a problem — it’s a solution.” September 6;

Klein, Sandra. 2020. “Anti-Gouging Laws Are the Reason There Is a Toilet Paper Shortage.” March 17;

Mankiw, N. Gregory. 2006. “I Paid $2,500 for a ‘Hamilton’ Ticket. I’m Happy About It.” October 21;

Murphy, Robert. 2006. “The Gas-Line Quagmire in Iraq” February 6.

Mitchell, Andrew. 2007. “‘Price Gouging’ Is Essential and Humane.” January 30;

Munger, Michael. 2007. “They Clapped: Can Price-Gouging Laws Prohibit Scarcity?” July 8;

Murphy, Robert P. 2007. “The Giant Gas-Gouging Gaffe.” May 25

Perry, Mark J. 2019. September 4. “Inspired by Hurricane Dorian, I propose the Maximum Temperature Act to stop unconscionable temperature gouging.”

Vance, Laurence. 2019. “In Defense of Price Gouging.” September 10;

Wangsness, Lisa. 2005. “House bill targets Fenway parking fees;

Would hike fines for price-gouging.” Boston Globe, June 16

Westley, Christopher. 2005. “The Right to Set Your Own Price.” October 21;

Western Standard. 2009. “Saskatchewan’s anti-scalping legislation an attack on free markets.” November 24;

Williams, Walter E. 2012. “Disaster Ignorance.” November 26;

Woods, Thomas. 2002. “The Non-Crime of Price Gouging.” October 1;

Zwolinski, Matt. 2008. “The Ethics of Price Gouging.” Business Ethics Quarterly, Vol. 18, No. 3, pp. 347-378, July

For more on this topic:

Best regards,



3:03 am on June 26, 2020