New York newspaper says “add shame to penalty for gouging”

Michael Giberson Is price gouging like highway robbery? The Journal News, from the suburbs north of New York City, said: “Add shame to penalty for gouging“: Given the extraordinary cost of just about everything in New York, it is often difficult to distinguish price-gouging, which is both illegal and despicable, from the usual highway robbery, … More New York newspaper says “add shame to penalty for gouging”

Markets make you more trusting, but not necessarily more trustworthy

Michael Giberson In a randomized control experiment, subjects unconsciously primed to think about markets were more trusting in a subsequent anonymous economic exchange. The authors note that the positive effect of trust on economic growth is well documented — in particular, widespread market activity requires people to trust anonymous strangers — but scholars have been … More Markets make you more trusting, but not necessarily more trustworthy