Then let me be the light that leads you out of darkness.
'Price gouging' in Florida (Townhall Columnists Thomas Sowell 9/14/2004)
That appears to be my job.
He stated the subject had not been discussed much by economists and then went on to a mistaken assumption:
“Charges of “price gouging” usually arise when prices are significantly higher than what people have been used to. Florida’s laws in fact make it illegal to charge much more during an emergency than the average price over some previous 30-day period.”
Price gouging is determined by the profit margin increasing before and after the storm and it has to be done in a court. It’s exact. Either you are taking advantage of people in a disaster or you are not.