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Find out where the grant data comes from, and what years and philanthropies are included.

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AROUND THE WEB

MediaMatters.org
September 7, 2005

Stossel: Price gouging ensures that scarce resources go only "to those who really need it"

In his September 7 syndicated column, ABC News 20/20 co-anchor John Stossel defended price gougers, writing that by charging $20 for a bottle of water to a person whose baby needed it to live, "the price gouger makes sure his water goes to those who really need it." Stossel added: "It was the price gouger's 'exploitation' that saved your child." He justified this claim because price gougers -- people and companies that charge exorbitant prices for scarce and necessary resources (such as water or oil) -- "save lives" because they dependably provide those necessary goods or services to those who need them, motivated by their own self-interest to make money.

Also see:

John Stossel

Jesus' General: An Open Letter to John Stossel

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