So you can’t distinguish it without sharing the same morals as the speaker, and you therefore should “know it when you see it”.
So you can’t distinguish it without sharing the same morals as the speaker, and you therefore should “know it when you see it”.
When price increases exceed the increases in costs/raw-goods... then it's "greedflation", not "price gouging". Increasing profit margins are also a good signal of it.
Inflation and Price Gouging - https://www.nytimes.com/2022/06/14/briefing/inflation-supply...
Are Large Corporate Profit Margins Causing Inflation? - https://www.nytimes.com/2022/06/22/opinion/inflation-corpora...
I Listened In on Big Business. It’s Profiting From Inflation, and You’re Paying for It. - https://www.nytimes.com/2022/05/05/opinion/us-companies-infl...
So pretty much doubling down on the point: it’s gouging when I say it is.