Trump could as easily make tree leafs legal tender and then begin an inflation busting deforestation plan as his minions cheered.
Which US states have laws against anti-comeditive practices like pricing cartels and gouging? (chat GPT) In the United States, **all states** have laws against anti-competitive practices, including pricing cartels and price gouging. These laws typically fall under the broader category of **antitrust laws** and **consumer protection laws**. Here’s a general overview: ### **1. Federal Antitrust Laws** - **Sherman Antitrust Act**: This federal law prohibits monopolies and activities that restrain trade, such as cartels and price-fixing agreements. - **Clayton Act**: Expands on the Sherman Act, prohibiting mergers and acquisitions that may reduce competition. - **Federal Trade Commission (FTC) Act**: Prohibits unfair methods of competition and unfair or deceptive acts or practices. ### **2. State Antitrust Laws** - **All 50 states** have their own antitrust laws that often mirror federal laws, allowing state attorneys general to pursue anti-competitive practices within their jurisdictions. ### **3. Price Gouging Laws** - **44 states** have specific laws against price gouging, which typically apply during emergencies (e.g., natural disasters or public health crises). These laws prohibit excessive price increases on essential goods and services. ### **Examples of States with Notable Laws**: - **California**: Has robust antitrust laws and additional consumer protection laws that address anti-competitive practices. - **New York**: Actively enforces its Donnelly Act, which is similar to the Sherman Act, and has specific laws against price gouging. - **Texas**: Has both antitrust and price gouging laws, with strict penalties for violations. ### **Enforcement** - **State Attorneys General**: Enforce state laws against anti-competitive practices, often working in conjunction with federal authorities. - **Private Lawsuits**: In many states, individuals or companies harmed by anti-competitive practices can file private lawsuits. In the United States, price gouging is generally defined as charging excessively high prices for essential goods and services during a state of emergency or disaster. While the specifics of what constitutes price gouging can vary by state, the common theme is the prohibition of price increases that are considered "unconscionable" or "grossly excessive" compared to pre-emergency levels. For instance, in Florida, price gouging is defined as a "gross disparity" between the prices before and during a state of emergency. The law applies to essential goods and services, with penalties of up to $25,000 for multiple violations within a 24-hour period. Georgia defines price gouging as price increases that do not reflect the actual cost to make or transport the item, with penalties ranging from $2,000 to $15,000 per violation. Similarly, in Hawaii, any price increase during a state of emergency is considered price gouging, with fines ranging from $500 to $10,000 per violation【9†source】【10†source】. Most states have a "lookback period" to compare prices just before the emergency to those charged during it, usually spanning a few days to a month. Violations can result in both civil and criminal penalties, depending on the severity and impact of the gouging. If you're looking for specifics on a particular state's laws or penalties, it would be important to refer to the state's statutes or consult legal experts in that jurisdiction.
You post a reasonable article from the lying NYT and it undermines trumps “drill baby drill” and it shows one of the root causes is trumps stimulus checks (the one he put his signature on)
These laws define price gouging as occurring during an emergency, which means GWB is wrong. The Harris proposal seeks to cap retail prices during ordinary times. It is not the same type of law that has been passed by states.
Nixon took the U.S. off the gold standard on August 15, 1971. There were many periods of inflation in the U.S. that were much worse than the inflation post 1971. Note the full CPI for 92 cities only started to be collected in 1917 in the U.S. There were periods in the 1800s in the U.S. where inflation was even worse according to Fed papers but no proper collection of data at the federal level to effectively track it. "High-inflation episodes are sprinkled throughout U.S. history". There was a higher volatility of inflation in the U.S. when the country was on metal (silver and gold) standards. The enactment of the Fed and going off the gold standard allows for more stability in inflation. "More-stable inflation is generally good, as it makes the future easier to predict, resulting in more-efficient economic decisions, lower costs of long-term (nominal) contracts and increased stability of the financial system." The 10 Highest Annual Inflation Rates in U.S. History "The highest inflation in U.S. history was in 1917 when annual inflation reached a rate of 17.84%. The inflation rate of the following three years, from 1918 to 1920, rounded out the top four years with the highest rates in U.S. inflation rate history." 1917: 17.84% 1918: 17.28% 1920: 15.63% 1919: 15.24% 1947: 14.39% 1980: 13.55% 1979: 11.25% 1974: 11.06% 1942: 10.92% 1981: 10.34%
That is not what Kamala Harris stated. She is not seeking to cap retail prices during ordinary times. Kamala Harris is proposed a federal law aligned exactly with the laws that have been passed by a majority of states to stop price gouging. I will note that several states including North Carolina have had price controls on some products for periods of years due to “atypical disruptions” of a market. If these price controls on items such as feed for animals and fertilizer were not in place then your grocery bill would have been three times more expensive in the U.S.