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Wednesday, September 07, 2005

FLUP: It is NOT Price Gouging

WaMi brought an article pertaining to the "gasoline price gouging" issue that I was discussing just the other day. This new article directly addresses how when a market is allowed to run free the supply will correct itself faster than government imposed price controls. Not only will it correct faster, but it will also correct in a manner that will be less costly in the long run.

Please see Jerry Taylor's "Gouge On" article.

Crispy