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"For goods that you can produce more of, allowing prices to rise gives producers the incentive to make more, which eventually bring prices down toward where they were before the increase in demand."https://marker.medium.com/price-gouging-could-actually-fix-our-face-mask-shortage-e85abb16b75e …
Incidentally, a big part of the reason we have PPE in hospitals is that donors are compensating for the market distortions introduced by US price regulations. They pay market price to Chinese manufacturers, and then give the masks for free to US hospitals.
Or we could just use the Defense Production Act.
No decree can conjure up production facilities out of thin air instantly. The masks you need next week have already been manufactured, in China, and are available at market price and no other.
“but it’s unfaaiiirrrr”
I'm sure you'd feel that way if YOU were the one working in an ER on nursing home.
It feels weird, like saying 2+2=4, except many people disagree
I was never quite comfortable with villianizing the guy who was in the NYT for stocking up on sanitizers a few weeks ago. It seemed like the kind of thinking that happens in 70s socialist economies. If the problem is a lack of supply, well, let's find a way to get more supply.
Exactly!
Ironically it may have been restrictions on price increases that allowed him to hoard at a lower price, which would make lawmakers and attorneys the real villains here 
Well, there can be a significant delay before new producers manage to get their product to market. Doesn't necessarily work well in time of crisis.
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