When shortages of anything that's a necessity happens, prices often spike. Is that just a matter of supply and demand or is it price gouging?

In this conversation, Reason magazine's Christian Britschgi offers a perspective on price hikes that runs counter to what you normally hear from both conservatives and liberals: he says "price gouging" can actually help people by discouraging hoarding and by incentivizing suppliers to make more products available to consumers (which, in turn, lowers prices by balancing out the supply and demand equation).

Learn more here: https://reason.com/2022/05/23/eric-adams-emergency-price-controls-on-baby-formula-will-make-the-citys-shortage-worse/