Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; Allerious; ...
Kentucky's governor has signed an order declaring a state of emergency and invoking the state's anti-price gouging law...



Libertarian ping! Click here to get added or here to be removed or just reply to this post!
110 posted on 09/12/2008 4:16:33 PM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: bamahead

Anti price “gouging” laws provide a disincentive for people to sell their goods in a disaster area. The reason things get expensive is because it’s more expensive to access disaster areas and tougher to get resupplied. Goods become more valuable and thus used more efficiently. If you have to pay 8 dollars for a bottle of water, you’re going to use it well. If you pay 2 dollars, chances are you won’t have water when you really need it.


117 posted on 09/12/2008 4:25:03 PM PDT by djsherin
[ Post Reply | Private Reply | To 110 | View Replies ]

To: bamahead

Well, that will ensure that there isn’t enough gas in Ky. When will people realize that prices are real? High prices are a valuable way to allocate scarce resources.

Politicians would rather demagogue the issue. They probably even know better, but they’re playing to the ignorant.


126 posted on 09/12/2008 4:58:25 PM PDT by Pining_4_TX
[ Post Reply | Private Reply | To 110 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson