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Price gouging

There is no such thing as price gouging, and the state of North Carolina's Attorney General certainly can't define 'price gouging' with any specificity.
The market causes prices to rise on commodities whenever there is a disruption in supply. Keeping the price of a commodity artificially low does several things - all of them bad. 1. Encourages hoarding, and this usually by the folks with the most resources and the least need. 2. Encourages runs on scarce inventory, which means many in need go without 3. forces suppliers to lose money when replacement inventory of scarce commodities rises - this often disproportionally hits small business people, not the big stores.
This kind of well-intentioned but stupid legislation is the last thing people need in a disaster.


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