New Yorkers didn’t ‘share the pain’ of higher gasoline prices during emergency

Michael Giberson One idea advanced by proponents of anti-price gouging laws is that after disaster strikes people should put aside their usual self-interests, join in with the community, and share in the burden of recovery. What these proponents often miss is that normal market adjustments will support a sharing in the burden of recovery, even … More New Yorkers didn’t ‘share the pain’ of higher gasoline prices during emergency

Another round of price gouging charges in New York

Michael Giberson The New York Attorney General’s office continues its aggressive pursuit of price gouging violations, announcing another 12 cases last week. From the press release: “Our office will continue to take enforcement actions against price gougers because ripping off New Yorkers is against the law,”¬†Attorney General Schneiderman¬†said. “We are actively investigating the hundreds of … More Another round of price gouging charges in New York

New Jersey moves rapidly on price gouging investigations

Michael Giberson Something new in the realm of price gouging law enforcement: speedy action. Frequently states begin investigations of consumer complaints only after the emergency is over, conclude investigations months later, and then begin negotiating some sort of settlement with accused stations. You may recall that New Jersey only finally reached a conclusion in its … More New Jersey moves rapidly on price gouging investigations

The one-sided debate over price gouging

Michael Giberson John Carney proposes declaration of free-trade zones for gasoline in shortage-afflicted areas. Prices could stay regulated elsewhere, but consumers and merchants would gain the option to trade at higher prices within the zones. Great idea, but there is zero chance that very visible politicians will want to be upstaged by an invisible hand, … More The one-sided debate over price gouging