“Probably the dumbest John Stossel piece I’ve ever read”
Read this one by Walter Williams. These guys are not dumb. I’m not sure about Stossel, but I know for a fact that Williams is a lot smarter than I am.
https://www.creators.com/read/walter-williams/10/18/price-gouging-during-a-natural-disaster
“Price gouging is legally defined as charging 10 to 25 percent more for something than you charged for it during the month before an emergency”
Therein lies the ridiculousness of the law & the argument by Williams & Stossell.
Raising the price from $2 to $4 isn’t the same as raising the price from $2 to $20 or even more, which is what’s happening with the masks & gloves & sanitizer. That’s not 10 or 25%. It’s dumb for cities or states to think that a small percentage like that is ‘gouging’. Raising the price 5 or 10 times or more is gouging.