Economists Are Wrong About Price Gouging
Briefly

Harris's proposal isn't radical; nearly every state has laws against price gouging, which prohibit excessive price hikes during emergencies on necessary goods.
Price gouging is subject to a defined legal framework, requiring a triggering event and excessive prices on essential goods, critical to protecting consumers.
Critics argue Harris's proposed law mirrors Soviet-style price controls, yet the reality is states already enforce similar restrictions during emergencies.
States typically allow sellers to maintain profit margins during emergencies but prevent them from raising profits excessively beyond normal pricing structures.
Read at The Atlantic
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