Price “Gouging” Illegal — Really?

Credit: Jeff Vela on http://www.ctnewsjunkie.com/ctnj.php/archives/entry/price_gouging/

Hi folks, just a brief article today for your consideration. I just read that the state of North Carolina has officially outlawed “price gouging,” which means that retailers are not to use this crisis as an opportunity to “make an unfair profit off of consumers.”

Find the full article here.

I’m interested in hearing your thoughts on this. Here are some subtopics to address in your responses:

Is this truly a “fair and decent” thing to do? Or is it too much government interference in the everyday lives of people and free market transactions? What is the definition of an unfair price? Why should those who are “guilty” of this “offense” be prosecuted as for a crime? What do you think this says to those who took the time and put in the effort to purchase supplies in advance?

Look for my response to the above article within the next week. Until then, you’re on! Share your thoughts in the comments below.

Happy Commenting! šŸ™‚

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