Michael Giberson News headline reflects the stark difference in pricing strategy between competing businesses and regulated monopolies: “Xcel: Slack demand signals need for rate hike.” The sub-headline reads, “The utility, which posted a profit increase, will ask Minnesota for approval to raise rates.” Profits are up? Must need to raise prices. Reading the article heightens the … More Power demand dropping? Must be time to raise prices!
Michael Giberson If you think political interference in gasoline markets is excessive, try reading about drug pricing for a while. From the Los Angeles Times: “Shortage of cancer drugs tied to simple economics, experts say.” And by “simple economics” they mean the perverse incentives created by government regulation that induce oncologists to prefer prescribing more … More Price gouging allegations on cancer drugs