Former star student Thomas Strenge wrote me an interesting email and gave me permission to quote. What follows below is my slightly edited version of what he wrote. My Mom lives about 10 miles inland from Naples and her experience of Hurricane Irma offers great economics lessons. And yes, she holds popular misconceptions on price gouging, even though I try to explain it to her. . Gas stations ran out as early as Wednesday (Hurricane didn't approach until late afternoon on Saturday). My guess is that the panic making by media and public officials combined with the lack of price increases depleted supplies. I'm sure truckers were unwilling to make deliveries down South without a risk premium, which
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