My problem with this article is not its conclusions, but its assumptions. The author does not suggest that it is immoral to take away people's property rights. The Founders understood that property rights are the key to freedom and the failure to uphold them is slavery - pure and simple.
I was about to object based on the title until I read the content of the article. :)
Yes, "price gouging" prevents surplus demand, i.e. shortages. Someone here had a nice quote about if you find you have to lower prices you're "dumping" and if you find you have to raise price b/c you can't hande the demand you're "gouging" Either way, they're condemning you for producing.
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Yes, "price gouging" prevents surplus demand, i.e. shortages. Someone here had a nice quote about if you find you have to lower prices you're "dumping" and if you find you have to raise price b/c you can't hande the demand you're "gouging" Either way, they're condemning you for producing.