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| | I'm not taking a position here on price-gouging laws: while I don't like the practice, I'm also not convinced that it should be made illegal. But the fact is that the benefits of price-gouging tend to accrue to a handful of merchants and the price-insensitive rich, while the costs are borne by those who can least afford it. 'Twas always thus, or course, but during a crisis, especially, it's a good idea to try to minimize such mechanisms, rather than trying to encourage them.The WSJ is making a very big deal of its into when and how executives trade stock in their own companies. But I'm not particularly impressed: it seems like much more of a fishing expedition than a wide-ranging scandal. |
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