Medical Mask Resellers Punished in Canada

• Autorzy: Milton Kiang
• Języki publikacji: EN

Abstrakty

EN

In times of pandemics or natural catastrophes, prices of commodities, such as water, food and medicines, tend to shoot up, in response to a surge in demand and depleting supplies. The government, in its misguided efforts to maintain "price affordability", imposes price controls and anti-price-gouging legislation and bans the reselling of food and medical supplies. These interventions in the free market are the exact opposite of what the government should do, if it wants to ensure that enough commodities go to people who need them, that people do not hoard all available goods on grocery shelves, and most importantly, that suppliers have the incentive to produce more goods to meet current and future demand at market prices. (original abstract)

Słowa kluczowe

EN

Medical equipment market; Disaster; Commodity price; Price increase; Food

PL

Rynek sprzętu medycznego; Katastrofa; Ceny towarów; Wzrost cen; Żywność

• Czasopismo: Studia Humana
• Rocznik: 2020
• Tom: 9(2)
• Strony: 69--74

Twórcy

autor

Milton Kiang

• Channel Resume in Vancouver, Canada

Bibliografia

• Block, W. E. Defending the Undefendable, Auburn: The Mises Institute, 2018.
• Galles, G. The real price of anti-price-gouging laws, Mises Wire, Mises.org, April 8, 2020, https://mises.org/wire/real-cost-anti-price-gouging-laws.
• Gindler, A. Black Markets Show How Socialists Can't Overturn Economic Laws, Mises Wire, Mises.org, June 24, 2019, https://mises.org/wire/black-markets-show-how-socialists-cant-overturn-economic-laws.
• Government of Canada, Health Canada, Canada's COVID-19 Economic Response Plan,April 20, 2020, https://www.canada.ca/en/department-finance/economic-response-plan.html

Identyfikatory

DOI

10.2478/sh-2020-0014