Oddly, this article doesn’t mention that Texas has some of the strongest anti-gouging laws in the nation:

Or perhaps not oddly.

At any rate, over 450 complaints have already been filed with the Texas Attorney General’s office, and people will be harshly fined and some will be going to jail.

That all said, the existence of a rabid libertarian article, or the economics of a natural disaster, does nothing to prove or disprove the efficacy of supply and demand and free markets. Outliers are rightly excluded from such analyses.

Tim Worstall is one person. Laugh at him. He represents nothing, although you’re trying very hard to make the entire right side of the economic spectrum own him.

Doesn’t say much for your faith in your own arguments, if you have to resort to that sort of sophistry.

(For the record, I live in Houston and have shopped at various outlets, both gas stations, convenience stores, and grocery stores, all week. I have personally seen no examples of any gouging.)

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store