Watching Government: Price controls in retrospect

When gasoline prices jumped in Hurricane Katrina’s wake, several federal and state lawmakers complained that consumers were being victimized. Retail gasoline and diesel fuel prices that climbed 12¢/gal in an afternoon were clear evidence of gouging, they declared, and if it didn’t stop soon, government would have to step in.David J. Bardin has been there and done that. And the former chief administrator of energy price controls during the Carter administration would like lawmakers to think long and hard before trying it again.Now retired from, but still of counsel at Arent Fox Kinter Plotkin & Kahn PLLC, the Washington law firm he joined in 1980, he recalled that oil ...

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