The circus surrounding price-gouging legislation

Landrith, George
June 2007
Hill;6/21/2007, Vol. 14 Issue 75, p28
The author reflects on the continuous increase on gasoline prices by which U.S. Congress fails to solve. He pointed on the Congress focus on the systematic and consistent dependant on foreign sources for oil by creating legal, political and regulatory climate too hostile on allowing domestic refining capacity. He added that imposing implicit price controls on gasoline through price gouging legislation will have the same effect as explicit price controls and suggests outlawing government gouging.


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