“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.
I gave up on the idea when I learned that I could be prosecuted for price gouging.
How did that stupid law work out for ANYONE in that particular scenario?