Biden’s Myth of ‘Price Gouging’

In recent times, accusations of “price gouging” have become prevalent, often targeting producers utilizing strategies like dynamic pricing and “shrinkflation.” Such accusations, echoed by political figures including President Joe Biden, overlook the intricate dynamics of supply and demand in a market economy. Dynamic pricing, a hallmark of modern market economies, reflects the dynamic interplay of … Continue reading Biden’s Myth of ‘Price Gouging’