2005-10-27
Anti-Gouging Laws Cause Gas Shortage in Florida
Well, well, well. Florida's impure capitalist Gov. Bush makes "the people" happy by passing stringent "anti-gouging" law preventing evil petro station owners from raising their prices to meet rising demand during an "emergency." Florida's latest hurricane now leaves millions without electricity, including petro station owners, who now have no way to pump their petro into people's car tanks and carry cans. Well, these evil station owners **COULD** invest money to rent generators, rush them in from points distant, and utilize them to pump their petro, now *COULDN'T* they? But this would cost MONEY, and since we don't live in a fairy tale, money comes from somewhere. But the feel-good "anti-gouging" law in Florida won't permit that evil money to come from consumers in the form of increased petro prices. Instead, the petro prices remain at pre-emergency levels... never mind that the petro remains unobtainable in the stock tanks. Thus people who could afford to purchase free market petro have to join *everybody* in state dependancy: only "the state" can no provide petro.
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"Economists of the world, unite! Help the world understand the role of prices."
http://cafehayek.typepad.com/hayek/2005/10/the_fallacy_of_.html
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