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Running head: PRICE-GOUGERS HAVE THE MORAL HIGH-GROUNDPrice-Gougers Have the Moral High-GroundNameInstitution1PRICE-GOUGERS HAVE THE MORAL HIGH-GROUND2Price-Gougers Have the Moral High-GroundSummary of the ArticleThe article was written by Tim Worstall, and it was addressing the issue of price gougingand water was being used as an example. A scenario is given in Houston after hurricaneoccurred, the price of drinking water significantly increased and the argument raised was that thedemand is high and the supply was low, and as a result, the price was increasing. However, thisissue was criticized and was seen as immoral act since people should not take advantage of acalamity. However, institutions such as FEMA, Walmart, Cajun Navy and Waffle would be seenextending a hard of sympathy and supply the much-needed commodity, water. According to theauthor all the other methods were not working, and hence that was the reason why price-gougingwas occurring, and therefore there was no need of having laws against gouging (Worstall, 2017).ArgumentI refute the argument of the author that there should be no laws against price-gouging.There should be laws against gouging; ...


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