Two Cents

Is Price Gouging Bad? (2020x13)

Air date: May 08, 2020

Check out Antarctic Extremes on PBS Terra: https://youtu.be/SzL8D1AtyQs SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H Price gouging during a crisis is universally frowned upon and punishable by law in most states... so why would economists say it's actually not a bad thing? Two Cents on FB: https://www.facebook.com/TwoCentsPBS Two Cents on Twitter: @twocentspbs Email us: twocentspbs@gmail.com sources: https://www.nytimes.com/2020/03/13/nyregion/coronavirus-panic-buying.html?action=click&module=RelatedLinks&pgtype=Article https://thehill.com/homenews/state-watch/494993-iowa-man-accused-of-price-gouging-for-toilet-paper-cleaning-supplies https://www.dmagazine.com/healthcare-business/2020/04/price-gouging-concerns-in-the-covid-19-era/ https://www.cnbc.com/2020/04/10/coronavirus-price-gouging-bill-from-warren-fights-price-gouging.html https://www.forbes.com/sites/reneemorad/2020/04/20/5-ways-to-avoid-coronavirus-related-price-gouging/#50f670c34922 https://reason.com/2020/03/18/why-price-gouging-laws-are-a-bad-idea/ https://www.econlib.org/archives/2017/09/thaler_on_price.html https://www.econlib.org/library/Columns/y2017/Davisgouging.html#footnote3 https://www.marketplace.org/shows/marketplace/09012017-2/ https://www.econlib.org/archives/2017/09/a_poll_of_econo.html https://www.npr.org/sections/money/2012/10/29/163861383/why-economists-love-price-gouging-and-why-its-so-rare https://consumer.findlaw.com/consumer-transactions/price-gouging-laws-by-state.html -- Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions. Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson Directors: Katie Graham & Andrew Matthews Written by: Andrew Matthews Executive Producer: Amanda Fox P