The Price Gouging Myth

Boortz has a good column that describes the destructiveness of emotionally appealing but woefully ignorant price gouging laws:

"...nearly 200 gas stations in Atlanta are being investigated
for price gouging. Don’t investigate them! Reward them!
Price gouging is exactly what we need! It should be encouraged, not
investigated. "

The Laws of Supply and Demand are just that, laws. Not theories or suggestions, but laws. Like the Laws of Gravity, they apply in every situation, not just when it's convenient or only to those things people don't "need".