Price-Gouging and the Tsunami

Don Boudreaux at Cafe Hayek has an interesting thread of posts on price-gouging. See here, here, here, here, and here.

I don't know whether the governments in South Asia have price-gouging laws, but as Boudreaux says, the same market dynamics would be in play there as anywhere else in the wake of disaster. For example, residents of Alabama and Florida had to contend with the effects of our states' anti-price-gouging laws following last summer's hurricanes. I posted on that particular subject beginning here.