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There is no federal law on price gouging. Despite the increase of government enforcement activity, not every price increase constitutes price gouging (no matte
by pm_me_ur_fullzz 6y ago
There is no federal law on price gouging.
Despite the increase of government enforcement activity, not every price increase constitutes price gouging (no matter how abnormal the price seems).
State laws are toothless and many resign their regulation in the face of an event that lasts for 30+ days, as it accurately suggests the problem isn't going away if it hasn't by then and is probably bigger than the state.
The market has expanded and there is a war for resources.
The price is the market price and is a necessary market signal. Any 2-bit lawyer can defend this now, enjoy. Two the state's attorney general, don't waste public resources on this.
The governments fully capable of creating a price ceiling and subsidizing on top of that.
The market signals are abundantly clear and are a necessary motivating factor to solve the supply constraints.