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Subject:  Re: Price-gouging laws suck Date:  11/16/2012  11:15 PM
Author:  MadCapitalist Number:  655625 of 864815

Why? Because they try to solve a "problem" (massive price increases) that is in reality a solution to the actual problem (drastic increase in demand with no increase in supply, quite the opposite!)

The only tesult of these laws is that things get worse. It's the ultimate example of unintended consequences, yet it happens time after time after time until you just want to scream!

Exactly. It's the same problem as the minimum wage, except in reverse. Instead of shortages, with the minimum wage, there is an oversupply (which we call unemployment).

Pretty much all of our economic problems come from politicians thinking that their laws will override the laws of economics.
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