Price gouging? I'm sure it feels like many of our citizens are being taken advantage in a crisis. However, gouging prices is actually an indicator of a market need. Hear me out. If a generator costs $500 in normal situations, and they jump to $2000 in a crisis area, that price jump will encourage others to pack up generators and get them to where they need to go. If prices were regulated at $500, generators would not flow into the needed areas, at least not quickly. It's supply and demand. If price goes up because of demand, the supply will also begin to flow where that price is outrageous, and eventually when the demand decreases, the price will back down. It's Econ 101 and while frustrating, price gouging actually gets goods and services to those who need them most. Praying.
