A state of emergency in Dare and Hyde counties puts into effect a state law protecting people from price gouging, The law halts restrictions for truck drivers delivering supplies to the islands, and customers can get refunds if businesses take advantage of the emergency to inflate prices, the state Department of Justice says. Courts can fine price...
RALEIGH — Basic economics can help us make better decisions for our families and for public policy. But some people believe economic principles should be set aside during emergencies. Dr. Peter Boettke, university professor of economics and philosophy at George Mason University, doubts the merits of so-called “emergency room economics.” He discussed the issue with Mitch Kokai for Carolina Journal Radio.
RALEIGH — Politicians sacrifice long-term growth when they pursue short-term policies based on “emergency room” economics. George Mason University economist Peter Boettke made that argument Monday during a presentation to the John Locke Foundation’s Shaftesbury Society.
It's a distressingly familiar story: government benefits that go unspent because the pitiful people who deserve them just can't bring themselves to apply.
