Should Prices Rise During Crises Like Hurricane Harvey?

Texas Attorney General Ken Paxton is upset about “price gouging” during hurricane Harvey. Some stores raised prices to $99 for a case of bottled water—$5 for a gallon of gas. “These are things you can’t do in Texas,” he says. “There are significant penalties if you price gouge in a crisis like this.”

There sure are: $20,000 per “gouge”—$200,000 if the “victim” is a senior citizen.

Texas, a state that I thought understood capitalism, punishes people who practice it.

Read the entire article…

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).


Contributed by The Daily Sheeple of www.TheDailySheeple.com.

This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.TheDailySheeple.com.

Leave a Comment