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Georgia Governor Worsens Local Propane Shortage

Don Printz, MD writes:
Georgia Governor Nathan Deal has just signed an executive order enforcing the "price gouging" rule for propane during the cold emergency. That'll certainly encourage new suppliers to enter the market. I remember when some entrepreneurs brought a big supply of drinking water to Charleston, SC, for $5/gallon (usually about $1) after Hurricane Hugo wrecked the city water supply. The state called that price gouging if it were sold for more than $1.25. They sold it...and never returned.

Joseph Salerno is academic vice president of the Mises Institute, professor of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

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