From Cato Today <[email protected]>
Subject Anti-Price Gouging Laws Are Not the Right Response to Crisis
Date February 18, 2021 12:06 PM
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The snowstorms in Texas invariably trigger anti-price gouging laws, but this is not the best response.

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February 18, 2021

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Reactions to the Texas Snowstorm May Have Unfortunate Consequences ([link removed] )

Dallas County judge Clay Jenkins has issued a local disaster declaration that prohibits "price gouging" on a range of goods in the face of the region's extreme winter weather. But by suppressing these price signals, policymakers such as Jenkins ensure worse shortages of the goods in question.

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By Ryan Bourne

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