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unwarranted price hikesThe Atlantic
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74% Informative
Julian Zelizer : Kamala Harris's proposed price-gouging law mocked as economically illiterate pandering.
Almost every state already has a law restricting at least some forms of price gouging, he says.
He says the law would prohibit unwarranted price hikes for necessary goods during emergencies.
Zelizer says it would be good for sellers to charge whatever they want during periods of heightened demand.
Price-gouging bans are a form of moral policy, authors say.
They say it seems morally repugnant to give an unearned bonanza to a big firm while denying essential services to vulnerable members of society.
Few states have the resources to take on multinational corporations that dominate markets for many essential goods.
VR Score
78
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36
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English
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54
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3
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3
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