In case you missed it, read my post at Values and Capitalism on 3D printing HERE. Moral of the story: creation always outpaces consumption. Hollywood commonly depicts humanity as a virus that constantly feeds on resources until they are used up. People say we must cut back in order to survive. It’s not a new… More 3D printing will break the Malthusian Box… again.
Over at Values & Capitalism this week I share thoughts on “social capital”—the idea that voluntary community associations increase social trust and cooperation, creating an environment suitable for democracy and capitalism. From this premise, we find that liberty and virtue share a reciprocal relationship, where they both depend on and enhance one another. Read the… More Values and Social Capitalism
Is Price Gouging Immoral? Should It Be Illegal?
April 30th, 2012 § Leave a Comment
The folks at LearnLiberty.org are creating some excellent and rather entertaining videos on liberty and free markets. This short video shows how price gauging during an emergency—an act commonly viewed as inspired from the devil himself—is merely a function of the market finding a way to deliver goods to the people who need them most.
I heard a great EconTalk podcast a while back with Russ Roberts and Mike Munger on this very topic. Paradoxes like these are one reason I enjoy economics. The bigger reason is learning how to actually help people in need instead of making situations worse.