Price Gouging: One Way to Avoid the Law’s Reach is to Always Charge High Prices

Michael Giberson The headline of this Q & A exchange in the Orlando Sentinel gets it right: “It’s only price gouging if you do it occasionally.” Under Florida’s price gouging law, “it is unlawful to sell essential commodities, which include food, ice, lumber and gasoline, for an amount that ‘grossly exceeds’ the average price for … More Price Gouging: One Way to Avoid the Law’s Reach is to Always Charge High Prices

OPEC’s Production Cut + Oil Price Decline = Kp Laughter

Lynne Kiesling Seriously, I laughed on Friday when I read the headlines and articles about how OPEC cut its production targets, and yet world oil prices fell. Why did I laugh? Largely because it’s a combination of factors that illustrates that market outcomes are consequences of the interplay of supply and demand. So much of … More OPEC’s Production Cut + Oil Price Decline = Kp LaughterMore OPEC’s Production Cut + Oil Price Decline = Kp Laughter

A Roundup of Sensible Financial Bailout Commentary

Lynne Kiesling I did not link to or comment on Jacob Weisberg’s “The End of Libertarianism” Slate column last week, both because I thought it unprofessionally, factually incorrect, and because I have a strong rule about avoiding troll-feeding. But sometimes even druck and mire bring valuable results. A few folks have written thoughtful, informative, valuable … More A Roundup of Sensible Financial Bailout CommentaryMore A Roundup of Sensible Financial Bailout Commentary