Earlier quoted context omitted.
Price "gouging" is actually a public service, it LITERALLY SAVES LIVES. It ensures that needed materials find their way to the people that need them the most. Seriously? The lower income people living on Staten Island during Sandy would like a word with you. Price gouging ensures that things are only available to people with excess income to absorb the gouged price. The whole point about price gouging during Sandy is…
It is either Higher Prices, or ZERO availability. I'll opt for the former.
If that situation had persisted it would actually be one of the rare situations where rationing makes sense- and that rationing would logically be controlled by the government. Which makes all the free market Rand-ians foam at the mouth- despite the fact that it makes sense.