Anti-Gouging Laws Have Led to Gasoline Rationing in New Jersey and New York
Written by Gary North on November 5, 2012
There are two ways to allocate resources: “high bid wins” and “line up.” In New Jersey and New York, “line up” is now in operation. Why not allow $10 a gallon gasoline to clear the market? Because that would be “unfair.” So, people with time on their hands get “cheap” gasoline — cheap if the […]
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