Acton Institute Powerblog Archives

Post Tagged 'Price gouging'

Empty store shelves? Thank price controls

The COVID-19 pandemic panic has caused an eerie, post-apocalyptic scene to become commonplace across the country: supermarkets with barren shelves. One would think that this is the time for an intervention to ensure that stores stay stocked with the things we need, but governors nationwide are taking the opposite approach. Continue Reading...

Coronavirus’ greatest threat: our social fabric

Over the weekend, Michigan Attorney General Dana Nessel announced that her office received 75 complaints of retailers gouging coronavirus-panicked consumers on the price of basic necessities: Stores in Farmington Hills, Dearborn, Ann Arbor and Allendale have been accused of jacking up the price of hand sanitizers, face masks, and rice and lentils by up to 900%. Continue Reading...

The Ethics of ‘Price Gouging’

After declaring a state of emergency in the wake of Hurricane Sandy, New Jersey Governor Chris Christie issued a forceful reminder to merchants: Price gouging during a state of emergency is illegal and will result in significant penalties. Continue Reading...