Why Price Gouging Laws Are a Bad Idea (in one photo)

They say a picture is worth a thousand words.
For those who can't understand verbal explanations of why laws that prohibit "price gouging" are a really bad idea., try this picture.
Apparently the price of Aquafina wasn't high enough to motivate this woman to, say, fill up containers in her home with tap water. If the price could be doubled or tripled, even this lady might rethink that. As a result of laws prohibiting this sort of rational pricing behavior, the people who come into the store after her will be unable to buy bottles of water. But at least they'll be unable to buy them at regular prices. Right?

Economics Deniers

The Obama administration has been busy making it more expensive for companies to hire workers. For the first quarter of 2015 compensation increased 2.8%, while benefits increased 2.6%.The Obama administration recently increased employment costs by having the Department of Labor mandate time-and-a-half overtime pay for workers who had previously been classified as managerial. And now the 10-15% price increases for Obamacare medical policies are starting to be posted.  This will only raise labor costs and depress productivity further. 



The Obama administration wails constantly about "deniers" of global warming. But it appears that they themselves are "deniers" of economics -- somehow believing that imposing higher labor costs on employers will encourage them to hire more workers.