Defending Price-Gouging

The St. Petersburg Times quoted Edward Hudgins, the Washington Director for The Objectivist Center, defending price gouging during emergencies.
“Gouging gets a bad rap, economists argue” is mainly focused on the economic arguments against anti-gouging laws, reporting the views of many economists who argue that these laws lead to shortages and delays in recover. But it also includes several advocates of a moral defense of free-markets. Hudgins is quoted as asking “Why should one hurricane victim by prevented from paying more money for better or faster service, just because another hurricane victim can’t or won’t”?
Read the full article.