“Gouging” becomes an issue every hurricane season. After big storms, some people raise prices. Then politicians and the media freak out. Both demand tougher laws against “gouging.”
But Nobel Prize winning economist Milton Friedman says, “the gougers deserve a medal” because they take risks to bring in goods that people desperately need.
Annelise Kofod, Erika Lewis, and Maggie Hroncich are students who get that.
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