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Reason

Politics

Eric Boehm

Banning 'Unconscionable Excessive' Gas Prices Is Risky Economic Nonsense

Gas Prices Elizabeth Warren FTC Oil

Having failed to learn from history, Congress is apparently determined to force Americans to repeat it.

Earlier this week, the House of Representatives passed a bill granting President Joe Biden, the Federal Trade Commission (FTC), and state attorneys wide-ranging and ill-defined powers to crack down on "unconscionably excessive" gas prices, supposedly in the name of protecting consumers.

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