According to this story in the St. Louis Post-Dispatch, the price of flu vaccines has more than quintupled. So what’s the problem? Entrepreneurs are allocating resources to the uses that bring people the greatest benefit. They should be applauded for doing so, right? But this isn’t the case. According to several sources quoted in the article, this is an example of evil price-gouging—drug companies and middlemen are raking in windfall profits while governments and citizens “are being taken advantage of.” Look for a government near you to take swift and decisive action soon—as if there wen’t shortage enough already.
