The Economics of a Storm
By Catherine McGrew Jaime
There are two very predictable behaviors in this day and age:
(1) Whenever there is a gun tragedy, there is an outcry to further limit gun rights and gun ownership, as if limiting legally owned guns will somehow lessen the number of violent crimes, which are by and far committed by illegal weapons or people who possess them illegally.
(2) The topic of this little work: Whenever there is a major storm, the likes of Hurricane Katrina, the tornadoes that devastated much of the southeast in 2011, and now, most recently, SuperStorm Sandy, there is always talk of price gauging. We hear it at all levels – from the President, from state governors, and city mayors, just to name some of the most visible.