Woke up this morning and prepared for the show as I always do. Today I came across an announcement from the Monmouth County Freeholders. Now full disclosure, I’ve known Serena DiMaso for many years and highly respect her as an outstanding public servant. That said, the message in this announcement is damaging, disingenuous and inappropriate. The term “Price Gouging” is often thrown around by politicians as a way of exerting their influence over the private market to intimidate businesses into the submission of price controls. This was especially prevalent during the aftermath of Superstorm Sandy.
There are two points that are critical here.