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Category: Economics
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By Selwyn Duke In the wake of Hurricane Sandy, there has been much talk about price gouging. New Jersey is prosecuting some who engaged in it, and pundit Bill O’Reilly has threatened to put offending gas stations in his fearsome Factor pillory. But is this prudent? To be clear, I personally wouldn’t want to raise…
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By Selwyn Duke Living near the coast in the Northeast, I see the devastation wrought by Hurricane Sandy firsthand. Many have been without power for days; there are long lines at gas stations; some supermarket shelves are bare; and, more to the point here, some in vulnerable areas lost their homes. And because the storm…
