Is Price Gouging Immoral? Should It Be Illegal?

Is Price Gouging Immoral? Should It Be Illegal?

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.

The “What Would Jesus Cut?” debate

While elected officials in Washington have been debating over the debt ceiling, another robust conversation has been materializing at the intersection of faith, poverty and economic policy. In July, an ecumenical coalition of Christian leaders met with President Obama to present a statement—the “Circle of Protection“—casting welfare programs as a moral imperative. Claiming a commitment …