The Noncrime Known as “Price Gouging”

by Christopher E. Baecker
Mises.org

Thank goodness for the First Amendment and social media! The former has allowed amateur comedians to flourish and share their wares via the latter, mostly in the form of humorous memes. It’s come in handy by providing comic relief as concern about the coronavirus outbreak has swept the land.

I took a stab by offering a quip about the stash of wine bottle corks my wife and I have stockpiled over the last few years. I drew a link between that surplus and the baffling run on, and subsequent shortages of, toilet paper.

The reader can take it from there (depending on my comedic skills), but it offers a good lesson on the practice known as price “gouging.”

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