Another economist, Walter Williams or Thomas Sowell has also written about why "price gouging" is good:
The increase in price caused by demand exceeding supply results in an increase in the rate at which additional supplies of the commodity in question will arrive in the area with the shortage.
The increase in price also helps to discourage hoarding.
exactly.
However, some people will tell those economists, who hold doctorates and chaired economics departments, that they don't know what they're talking about.
Some guy with a computer, an internet connection, and an empty gas tank obviously knows more.