SC Govt too involved?

By
Real Estate Broker/Owner with Our Father's Houses Realty

My mom mentioned a news story this evening about price gouging.  She says the state attorney general got 22,000 emails about gas stations price gouging in SC last weekend and issued 1200 warrants over it so far.

I'm not sure I like the government getting this involved in market prices.  We're as tight financially as the next family, but if we invite the government to regulate market prices in the gas industry, what's to stop them from coming to real estate commissions or commodities exchange prices or the price of a gallon of paint next?  The SC public helped create the price spike by getting in line for gasoline late last week.  I had to buy $10 worth Friday because I was out and it was time to buy gas, but I refused to fill up during that crunch!  I decided we'd stay home all weekend and play in the woods, rather than fuel the fire.  I haven't been back yet, but it's getting close to have to again.

What do you all think?  Should we ask the government for help in this (and every other roadbump we face)?

Comments (1)

Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

The world is changing right in front of our eyes. Maybe good, maybe bad, I don't know. I'm not exactly the most conservative person on the planet, but I do think things are moving too fast in today's world. However, I also don't think it's going to slow down. It's only going to get faster and faster until one day, probably not too far in the future, it's all going to come crashing down. Who will rescue us then with $5, $10, or $15 trillion in debt? Saudi Arabia? Great! We can be a fiefdom to their kingdom. China? OPEC? The European Union? As someone famous once said, "Fasten you seat belts. It's going to be a bumpy ride."

Sep 23, 2008 02:04 AM

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