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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So Biden let companies price gouge American consumers for his entire presidency and did nothing? Why doesn’t Biden do anything now?[/quote]
IMHO, Biden is not a socialist.  He was probably expecting market pressure to ease by the feds keeping the rate high.  That's not happening, for different reasons, one of which is that people got used to paying high prices, so that companies kept those prices. It's kind of like high college costs. Why do some colleges cost so much compared to others? Because some people are willing to pay for them, so those colleges keep the prices artificially high.

Now, obviously, food is a necessity, not a college, so it's even more important that food prices remain affordable to some degree.

The rate of increase of prices has stabilized, however, it's not going to go to prepandemic levels.  Too many changes in this world.[/quote]

That doesn’t explain why Biden allowed food production companies to price gouge consumers.

Price gouging is an unfair or deceptive trade practices.

Price increases are not always price gouging. Retailers can raise the price of their products as supply and demand change.

The legal definition of price gouging is usually more specific to an emergency or a type of good or service. Most state laws relevant to price gouging consider whether the seller had a good reason to raise prices during the emergency.

https://www.findlaw.com/consumer/consumer-transactions/price-gouging-laws-by-state.html

This is a chart of state price gouging laws. I don’t see how anyone can define what is occurring in the United States regarding grocery costs, fuel costs, apartment rent and home buying costs, and general consumer goods and services prices increasing as “price gouging.”

Every state already has price gouging laws on their books to protect consumers.

Is each state’s AG supposed to sue every grocery store, food supplier, private home owners who put their house up for sale, every apartment/rental agency, basically every store or consumer facing business in their state? Every consumer good and service has increased in price. The AG will have to sue millions of people per state.
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