Video: Price controls ensure fuel shortages

Victor Joecks

Last week, NPRI President Andy Matthews explained how anti-“gouging” laws ensure shortages for consumers and eliminate financial incentives for outsiders to bring in desperately needed supplies.

In the aftermath of Hurricane Sandy, that’s not just an abstract theoretical argument for residents of New York and New Jersey. As this video from ReasonTV shows, gas shortages are a frustrating reality for many.

Ideas have consequences. And bad ideas have bad consequences – for the very folks these anti-“gouging” laws are supposed to help.