Donald Boudreaux, Pittsburgh Tribune-Review

Hurricane Sandy Speculators

The moment it became clear that Hurricane Sandy would likely batter the Northeast, swarms of speculators descended into markets there. They stormed into supermarkets, hardware stores and gasoline stations. You’d think that the politicians and pundits who reliably and boisterously criticize speculators would have condemned this pre-Sandy speculation. But oddly, they did not. In fact, they actively encouraged it! I heard them myself on television and radio: “Stock up now on batteries and water,” they repeatedly implored the speculators.

full article

Recent Other Voices

Storms Can Bankrupt States - Julian Morris and Katie Furtick, reason
NY's Power Vacuum - Nicole Gelinas, New York Post

More than anything, the humanitarian crisis left in Superstorm Sandy’s wake can be traced...

California and the Fiscal Cliff - Dianne Feinstein, San Francisco Chronicle

California would be hit especially hard if America goes over the fiscal cliff, losing some 230,000...

Should We Be Less Productive? - Steven Horwitz, Freeman

The combination of productivity gains, which produce higher wages, and declining costs of food and...