Tue, 29 August 2017
It pains me even to take time discussing the idiotic notion that price gouging is somehow evil or even bad for the economy. Most economists don't even bother explaining it because it seems ridiculous to spend time arguing that prices changes relative to demand are somehow a bad thing.
But it is this very lack of clarification from those in a position to give it that creates the window of opportunity social justice warriors need to spread disinformation.
Most of them are just Johnny and Susie DoGooders who lack the education necessary to understand what they're advocating for but that doesn't make their ideas any less destructive.
The truth is that price gouging is a good thing. It's a necessary thing for an economy to function correctly. Anyone who says differently is either lying to you or don't know what they're talking about.
Today I'll discuss a couple of price gouging examples in Texas and how it helps ensure goods and resources go where they are most needed.
We'll also discuss Antifa, the violent protests in Berkeley and Trump's decision to recent the ban on police militarization.
Big day today. Enjoy the show!