Politics, gasoline prices, and price controls

Published



[This article has been published in Restoring America to highlight how invasive government intervention in the economy can hurt both individual consumers and the free market system on which they depend.]

When gasoline prices increase rapidly bad economic ideas soon follow. This week House Speaker Nancy Pelosi, D-CA, said that “Price gouging needs to be stopped,” referring to the practice of firms hiking prices significantly during crises.

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