Post-Sandy: A Man-Made Disaster – George Reisman – Mises Daily

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EXCERPT…….

What caused the shortages and stops them from being overcome in this way is the fact that the necessary rise in prices is illegal. It is against the law. According to a Bloomberg news release of November 9, 2012, “New Jersey law defines price gouging as an ‘excessive price increase,’ or of 10 percent or more, during a declared state of emergency.” The same news article also reports that “New York law prohibits selling goods or services for an ‘unconscionably excessive price’ during ‘abnormal disruption of the market.’”

Bam Press Conference (Rush Limbaugh)

RUSH: I just listened to a little bit of Obama‘s press conference opening spreading his “calm” on the troubled waters between here and Japan, and he pointed out that we are at one with the Japanese people. The American people, through him, offer our condolences, and we will do anything. He said we’re sending an aircraft carrier over there to help them. He didn’t identify the aircraft carrier. I happen to know which one it is. It’s the USS Ronald Reagan.

Obama didn’t identify it. I don’t know if that was purposeful or a faux pas or he thought it was not relevant but just so you know: It’s the USS Ronaldus Magnus that’s now steaming its way to Japan.RUSH: All right, here’s a little review of Obama’s press conference so far. He opened by bragging about increased domestic oil production. He said that he’s gonna be monitoring price gouging.

He’ll be looking at it. Spoken like a true community organizer. Of all the things going on, what does he see? Price gouging. He’s gonna be monitoring that, mind you. He’s not gonna make sure we got more supply, no, no, no. He’s gonna monitor price gouging. Of course, Big Oil out to rip everybody off during this unfortunate time. So that’s one…………

CONTINUES…

via Bam Press Conference Analysis.