Josh Hendrickson on Grocery Store Price Gouging
New York Times
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ICLE Academic Affiliate Josh Hendrickson was quoted in the New York Times about Vice President Kamala Harris’ price controls proposal. You can read the full piece here.
“If prices are rising on average over time and profit margins expand, that might look like price gouging, but it’s actually indicative of a broad increase in demand,” said Joshua Hendrickson, an economist at the University of Mississippi who has written skeptically of claims that corporate behavior is driving prices higher. “Such broad increases tend to be the result of expansionary monetary or fiscal policy — or both.”