Signal failure – Many economists defend disaster profiteers.

This is a fascinating write up on "price gouging"; morality should outweigh the profiteering by select few because morality is for the greater common good. However, the pricing structure aligns the incentives. Being a medical professional may signal a money printing machine but it isn't. Most users realise that the additional hassles (that includes EMR's!!) … Continue reading Signal failure – Many economists defend disaster profiteers.