Mises Wire

Facebook icon
LinkedIn icon
Twitter icon
A
A
Home | Blog | The Folly of Anti-Gouging Laws: WSJ or Mises Daily?

The Folly of Anti-Gouging Laws: WSJ or Mises Daily?

0 Views
10/31/2012

HOLMAN W. JENKINS, JR. of the Wall Street Journal channels David M. Brown at Mises Daily:

Hug a Price Gouger

"The public doesn't want to hear it, but the public also doesn't like empty shelves."

Sounding like Bastiat, Jenkins concludes, “Crackdowns on gouging are plausible only because the advantages of not prosecuting price gougers belong to the category of the unseen—the public can't see the supplies that would be available but for price-gouging laws. A good statewide New Jersey gasoline panic might correct that myopia, at least for a while.”

John P. Cochran (1949-2015) was emeritus dean of the Business School and emeritus professor of economics at Metropolitan State University of Denver and coauthor with Fred R. Glahe of The Hayek-Keynes Debate: Lessons for Current Business Cycle Research. He was also a senior fellow of the Mises Institute and served on the editorial board of the Quarterly Journal of Austrian Economics.

Add Comment

Shield icon wire