Friday, June 15, 2007

More on "Unconscionably Ridiculous" Gouging Laws

Greg Mankiw has an excellent post on why Bush will probably veto the "unconscionably ridiculous" Federal Price Gouging Prevention Act," which passed the House and now moves to the Senate.


At 6/16/2007 5:53 PM, Blogger Steve Sutton said...

I have a different perspective on this law. Granted, my perspective is tongue-in-cheek but if you can't laugh at stupid lawmakers, who can you laugh at?

Sent as a letter to the Detroit News but it didn't get published:

Representative Bart Stupak’s anti-price gouging bill on gasoline may bring Americans some much-needed relief. Given that government taxes on a gallon of gas are twice as much as the profits earned, Congress would immediately be in violation of charging "unconscionably excessive" prices. Imagine the relief to taxpayers if Congress were in jail and unable to meddle in our affairs.

I can always dream of utopia can't I?


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