Philly Drinking Water + The Fallacy of “Price Gouging”
The Rich Zeoli Show
Audacy
4.9 • 1.6K Ratings
🗓️ 27 March 2023
⏱️ 44 minutes
🧾️ Download transcript
Summary
The Rich Zeoli Show- Hour 1:
- On Friday, an estimated 8,000 gallons of water-soluble latex finishing solution spilled into Otter Creek in Bucks County, PA—near the Delaware River, where an estimated 58% of Philadelphia gets its water. According to The Philadelphia Inquirer, Philadelphia officials said tap water is safe to drink in the city through at least 11:59 p.m. Monday.” Read more here: https://www.inquirer.com/news/philadelphia/live/philadelphia-water-delaware-river-chemical-spill-20230327.html
- With city officials concerned about the quality of water throughout Philadelphia, some are concerned about “price-gouging” by grocery stores—charging higher than usual prices for bottled water. In his famous 2004 essay, Stanford Economist Dr. Thomas Sowell writes: “Price controls will not cause new supplies to be rushed in nearly as fast as higher prices will.” Momentary increases in prices will encourage producers, and entrepreneurs in neighboring areas, to rush supplies to the impacted area. You can read Dr. Sowell’s essay here: https://www.capitalismmagazine.com/2004/09/price-gouging-in-florida/
Transcript
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| 0:00.0 | W-P-H-D-W-H-D-H-D-W-O-G-L-H-D-D-3, Philadelphia, from a Cheerio Volvos Studios. |
| 0:08.0 | Where relationships matter. |
| 0:10.0 | Always live, on the free Odyssey app. |
| 0:13.0 | The Revolution. |
| 0:14.0 | Will, be brought to destruction. |
| 0:17.0 | This dish is the next generation of talk. |
| 0:20.0 | Now, on Talk Radio 1210 W-P-H-D, Rich Zioly. |
| 0:27.0 | Carter, we got bottled water, panic buying going on in our area. |
| 0:31.0 | There's a lot of it. |
| 0:32.0 | You're probably trying to get it. |
| 0:33.0 | We can't find it. |
| 0:34.0 | Sold out everywhere. |
| 0:35.0 | People are stocking up after city flood. |
| 0:38.0 | If you say, don't drink the water. |
| 0:40.0 | And then they say, it's okay to drink the water. |
| 0:42.0 | But only till midnight tonight. |
| 0:44.0 | Very strange. |
| 0:45.0 | And a school shooting in Nashville. |
| 0:47.0 | I'll give you all the details on that. |
| 0:48.0 | Welcome to the show. |
| 0:49.0 | Glad you're here today. |
| 0:50.0 | It's Monday. |
... |
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