Price Gouging: Because of the Hurricanes, We Need It

This column examines current examples of anti-“gouging” impulses in areas affected by recent hurricanes. For an in-depth explanation of the benefits of “price-gouging,” please see yesterday’s column. The following is part of a press release issued yesterday by the Florida Department of Agriculture and Consumer Services: [Commissioner] Charles H. Bronson today announced that his office received nearly 2,200 price-gouging calls over the weekend and 816 complaints – virtually all involving the price of gasoline. All of the complaints are being investigated, and subpoenas will be issued later today for oil company records . . . “We are committed to making...

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