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The economics of Hurricane Harvey and why “price gouging” isn’t the problem the media says it is!

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Manage episode 186369965 series 102631
Content provided by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Hurricane Harvey is looking like it will be the costliest natural disaster to ever occur in the United States. This devastation has destroyed the lives of millions of people. The Keynesians view disasters as a good jobs program that can boost the economy and keep spending going. How ridiculous is this!? But this is really how these “economists” think and it’s crazy that people can believe this garbage. Price gouging is seen as a negative but allowing prices to rise during disasters allows goods to flow to their most efficient uses. It’s basic economics and the government shouldn’t be interfering because they screw things up just like they always do!

  continue reading

106 episodes

Artwork
iconShare
 
Manage episode 186369965 series 102631
Content provided by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Hurricane Harvey is looking like it will be the costliest natural disaster to ever occur in the United States. This devastation has destroyed the lives of millions of people. The Keynesians view disasters as a good jobs program that can boost the economy and keep spending going. How ridiculous is this!? But this is really how these “economists” think and it’s crazy that people can believe this garbage. Price gouging is seen as a negative but allowing prices to rise during disasters allows goods to flow to their most efficient uses. It’s basic economics and the government shouldn’t be interfering because they screw things up just like they always do!

  continue reading

106 episodes

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