Can governments truly, successfully regulate price gouging though? I think this would be a tall order, and tough to prove in many instances. Plus such an ambitious venture would more than likely require hiring of people to do this work.
Last night Melina and I were having a conversation about people who make the rules in different arenas...school administrators, CEO's, government officials, lawmakers, etc. It may sound cynical but I truly believe it is nearly impossible to find someone at the top...the person (people) who makes the ultimate call on rules, regulations, etc. who is not looking out for their own best interests...to cover their own a.ss, and ultimately look out for their own future. Some people may go into politics with the initial thought of doing what's right, rise to the top with interests beyond themselves, but over time the lure of personal welfare, and self interest, and / or greed takes hold. It's human nature and hard to change in most.