Even the Republicans, who should know better, are all in on anti-price gouging laws.
Florida Attorney General Ashley Moody has issued a warning similar to Stein's, while Georgia Gov. Brian Kemp has "Enacted price gouging controls" in a dozen counties near the coast.
When anti-price gouging laws are in effect, rather than protecting consumers, they ensure shortages of the goods that the victims of Hurricane Dorian need the most.
"Anti-price gouging laws are really 'pro-shortage' laws," says economist Mark J. Perry.
To illustrate how insidious anti-price gouging laws are, the story of John Shepperson, whose experience should be taught in every introductory high school and college economics class, stands in stark relief.
In 2005, Shepperson, bought 19 generators at $500 each, loaded them on a rental truck, took time off from work, and drove 600 miles from his home in Kentucky to Mississippi, where the victims of Hurricane Katrina were in urgent need of electricity.
According to Reuters, "The utility repair workers typically make about $50 an hour, which jumps to $75 for overtime and $100 on Sundays." That's not price gouging?
https://issuesinsights.com/2019/09/02/price-gouging-hurricane-dorian-victims-best-friend/
Florida Attorney General Ashley Moody has issued a warning similar to Stein's, while Georgia Gov. Brian Kemp has "Enacted price gouging controls" in a dozen counties near the coast.
When anti-price gouging laws are in effect, rather than protecting consumers, they ensure shortages of the goods that the victims of Hurricane Dorian need the most.
"Anti-price gouging laws are really 'pro-shortage' laws," says economist Mark J. Perry.
To illustrate how insidious anti-price gouging laws are, the story of John Shepperson, whose experience should be taught in every introductory high school and college economics class, stands in stark relief.
In 2005, Shepperson, bought 19 generators at $500 each, loaded them on a rental truck, took time off from work, and drove 600 miles from his home in Kentucky to Mississippi, where the victims of Hurricane Katrina were in urgent need of electricity.
According to Reuters, "The utility repair workers typically make about $50 an hour, which jumps to $75 for overtime and $100 on Sundays." That's not price gouging?
https://issuesinsights.com/2019/09/02/price-gouging-hurricane-dorian-victims-best-friend/
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