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Episode 8: Price Gouging
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Publish-date-icon November 5, 2012
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EPISODE DESCRIPTION

Chase and Mike explain the economic principles behind price gouging, and discuss why its actually a good thing. The higher prices of goods encourages new suppliers to rush into the market, preventing shortages and rationing.

Opening song - "Money Talks" by AC/DC

Here are some links to the articles that Mike and Chase discussed on this episode:

http://www.nbcnewyork.com/news/local/Hurricane-Sandy-Price-Gouging-Scams-Investigation-177279531.html

http://www.nbcconnecticut.com/news/local/Two-Arrested-for-Gasoline-Hoarding-177184891.html?dr

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