Backdoor Price Controls by William Anderson
Yes, if markets were permitted to work — in the absence of what can only be called the imposition of "economic crimes" as was the case in the former communist countries — people would see quick price increases, and no one who remembers paying about $1 per gallon likes to fill up at $3 for the same product. However, if the political classes insist upon levying "price-gouging" legislation, then we have to live with the consequences that always occur when governments interfere with legitimate market processes.
- posted by SARTRE @ 7:12 AM