Gun Buybacks and the Elasticity of Supply

Can gun buybacks work? Some simple economics suggests, no! The first of our videos on the elasticity of supply, Why Housing is Unaffordable, illustrated inelastic supply. Today’s video on gun buybacks illustrates elastic supply. Our gun buyback video hits the sweet spot for MRU videos—solid economics leading to surprising conclusions illustrated in an entertaining and accurate way.

Of course, both of these videos draw upon and pair great with our textbook, Modern Principles of Economics.