Price Controls

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    Give thanks to “price gougers”

    Some things never cease to amaze me, like yesterday’s news release from North Carolina’s attorney general, Roy Cooper. As far as superficial demagoguery and economic illiteracy go, his comments are right up there. He warns: “price gougers… you can’t use a crisis as an excuse to make an unfair profit off consumers… If you think someone is ripping you off, let me know about it.” Click below to hear my rebuttal on the Bill LuMaye on WPTF (four minutes). [audio:]
    Fergus Hodgson, August 26, 2011