Keith Devens .com
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ideoplastos (http://www.ideoplastos.net) wrote:
Keith (http://keithdevens.com/) wrote:
Interesting, but that doesn't cover the same ground as Jason's essay did.
ideoplastos (http://www.ideoplastos.net) wrote:
No, it doesn't. But, since you love econ so much, I figured I'd post it. (And to show that price gouging isn't always your friend, friend.)
Keith (http://keithdevens.com/) wrote:
That article wasn't about price gouging, it was about price spikes due to, I gather, ordinary fluctuations in supply and demand. But, for price gouging -- of course it's not always you're "friend" (I think about when the Starbucks in Manhattan were charging firefighters for water on 9/11... that was evil). But it was interesting to have someone point out that even price gouging can serve a good economic purpose.
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Monday, October 4, 2004
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Short-term price spikes often have long-term consequences