Originally Posted by
terrymorse
Gad! No wonder Economics is called the “dismal science”.
Phew! Here is a summary page of anti-price-gouging laws. Note the multiple clear and specific definitions of what qualifies as illegal price-gouging:
Price-Gouging Laws
Did you actually read that page? It perfectly illustrates my point -- that there is no definition of 'price gouging.' That's why all of those states have
different definitions, and why many of them use squishy, subjective words like "exorbitant," "unconscionable," and "excessive." Words that are the
opposite of “clear and specific.”
PS: I also noticed that you did not address a single thing I wrote about price controls and price gouging laws. I’m interested to read your thoughts on the efficacy of such policies.