From Carolina Journal Radio Program No. 748: Devastation in Texas linked to Hurricane Harvey and the threat of East Coast damage from Hurricane Irma helped lead to higher prices at N.C. gas pumps. State officials also invoked North Carolina’s price-gouging law. Roy Cordato, John Locke Foundation senior economist and resident scholar, explains why the law ignores the laws of economics. He explains the link between price-gouging restrictions and gasoline shortages.
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