New York’s Failed Economic Case for Price-Gouging Enforcement
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New York’s Failed Economic Case for Price-Gouging Enforcement
A major winter storm across northern New York State in January 1998 snapped power lines and left thousands without electricity, as temperatures plunged. In the small town of Chazy, just south of the Canadian border, a local hardware store stepped up. Chazy Hardware had just one generator on hand, but it managed to locate 54 more on a Saturday in Burlington, Vermont. The following morning, a driver and truck made the icy hours-long round trip to …
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