The illegalization of “price gouging” will always lead to unnecessary deaths and harm to victims of any crisis

The illegalization of “price gouging” will always lead to unnecessary deaths and harm to victims of any crisis

Reports are all over the news of retailers being warned not to “price gouge” products in high demand due to the spread of the Coronavirus.  As with so many politically motivated laws and regulations, such efforts will result in unnecessary deaths and harm to victims of a crisis.  Those who support such laws simply do not understand the basics of economics and markets, typically those on the political left, whether that be democrats or republicans.

Markets react to market forces.  Always, every time.

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