The U.S. House of Representatives passed legislation Wednesday that would give the government the power to impose millions of dollars in fines and jail time on people seen as gouging drivers at the gasoline pump…. In a 284-141 vote, House members passed the 'Federal Price Gouging Prevention Act,' which would make it illegal for companies to sell gasoline at prices that were 'unconscionably excessive.' Violators would face fines of up to $2 million and could spend up to 10 years in prison. (USA Today, )
How about a law against laws that are unconscionably ridiculous?
FEE Timely Classic
On Price Gouging by Donald J. Boudreaux