In the EconTalk podcast about price gouging, we are told about a story in which a whole town is without power due to a hurricane. Temperatures are high, and ice becomes very scarce because everyone wants it. The police show up to prevent a couple of enterprising young men from selling ice at $12 a bag, as it is considered exploitative and taking advantage of people in a moment of need.

The economists in the podcast think that the actions of the police were in fact damaging people, not protecting them. Explain why. link: https://www.econtalk.org/munger-on-price-gouging/