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AG Schneiderman: Price Gouging Alert

Friday, November 02, 2012

New York's attorney general Eric Schneiderman talks about how to avoid scams and price gouging after the storm.

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Comments [7]

James Harrison from Murray Hill (still without power)


The Halloween costumes that I purchased the day of Halloween were marked up more than 200% in most cases.

The batteries, flashlights and candles I purchased from the local hardware store were marked up roughly 25%.

how about some regulation down at the Halloween costume shop?

Nov. 02 2012 03:30 PM
Sheldon from Brooklyn

I have no problem with AG going after yellow cabs or other price regulated industries, when they gouge.

If the state wants to include some staples (milk, flour, bread)for price protection, fine with me but I'm a bit weary of govt telling private businesses what they can charge their customers. As vile as it is to gouge - sliced pizza and buffets are prepared foods.

If you live in Park Slope and you didn't have a flashlight, or the suburbs and you did not have a generator - before Sandy, then you should expect to be left to the devices of the market.

Nov. 02 2012 11:33 AM
Aquilino from Westchester

There should be no such thing as price guging defined by any level of government. It is so easy to say you support this kind of government intervention, but realy, it's counterproductive.

http://mises.org/daily/1593

Nov. 02 2012 11:00 AM
Elsie from Brooklyn

It's hard to convince a nation of people who have be taught to take advantage of every opportunity, not to gouge in a crisis. It goes against the free market ethos: If there's a demand, then prices go up. It's yet another reason to abandon this horrible theory in favor of something more humane before we eat each other alive and plunge the country into every man for himself.

Nov. 02 2012 10:58 AM
William H

I predict that in the coming months landlords will be gouging on rental property prices as so many people will be flooding the rental market. Sadly, I suspect that the price gouging laws will not apply to rental properties.

Nov. 02 2012 10:55 AM
Erik from Montclair, NJ

NJ defined it as can't increase by more than 10%:
http://www.nj.gov/oag/newsreleases12/pr20121030a.html

Nov. 02 2012 10:54 AM
John A

We may be out of gas in all Westchester county.
Define price gouging. 25% is OK but 50% is too high? Too nebulous.

Nov. 02 2012 10:45 AM

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