The plan would reduce supply while increasing demand, resulting in harmful shortages.
Price controls fail for other products, and liquor is no different.
Plus: The FBI had at least a dozen informants helping put together the plot to kidnap Michigan's governor, price controls fail again, and more.
Don't punish businesses for raising prices during a crisis.
The government tried to stabilize the nation's food supply 80 years ago. Its efforts backfired.
Plus: Mask burning is freedom of speech, New York reaches recreational weed deal, and more...
A new paper finds that the shortages produced by emergency price controls led to more social interactions as people searched for scarce goods. Additional COVID-19 deaths weren't far behind.
Texas officials' rush to enforce price gouging laws during that state's winter storms will only make residents worse off.
A politicized vaccine distribution process intended to take price out of the picture has given the edge to the rich, connected, and powerful.
The Portland City Council has approved an emergency ordinance capping the fees delivery apps like DoorDash and Uber Eats can charge restaurants.
Such laws end up causing more shortages than they solve, especially during a crisis.
Cities are imposing "emergency" regulations capping the fees that delivery services like Uber Eats may charge. That's a mistake.
Q&A with Duke's Michael C. Munger, who also believes that big cities will see rationing and that higher education will never be the same.
High prices for sought-after goods cause temporary pain, but not as much as government efforts to "help" frustrated consumers.
High prices can bring much-needed supplies into a disaster zone.
Hospitals gamed the system and costs didn’t come down.
Price signals ultimately mean more supplies for disaster-struck areas.
An Insured Woman Was Hit With $20,000 in Surprise Bills After a Trip to a San Francisco Emergency Room. The Prices Were Set by the City.
Blame the city Board of Supervisors for unusually high hospital bills.
People getting starry eyed about socialism should look to Venezuela for some important warning signs.
Price gouging is not the evil many officials make it out to be.
Politicians condemn price gougers, but students explain why "gouging" is good.
Change drug prices by changing the market.
Venezuelan grocery stores have products shoppers don't want.
From Walmart to Uber to AirBnB, businesses should be lauded for their generosity and effectiveness in the wake of Hurricanes Irma and Harvey.
It's not price gouging.
The unintended consequences to Americans' lives and health would be substantial and bad
Americans would save some money now, but at the long-run cost of sicker and shorter lives
Yes. Next question.
Lifting the ban would lower gas prices and boost domestic oil production - Obama wants to keep it.
They should probably enjoy that cheap gas while they can get it.