DOJ to Target Companies That Raise Prices From Disruptions

DOJ to Target Companies That Raise Prices From Disruptions

( – Inflation is at a 30-year high in the US. Supply chain disruptions have caused some of the problems, as have measures taken by the Federal Reserve during the pandemic. President Joe Biden’s administration has largely downplayed the problem, and now the Department of Justice (DOJ) is going to target small businesses.

On Thursday, February 17, the DOJ announced it’ll begin investigating and prosecuting companies that try to “exploit supply chain disruptions” for their own illegal gain. The country’s top prosecutors are trying to find out if there are agreements between companies to artificially drive up prices and violate antitrust laws. Assistant Attorney General Jonathan Kanter said the DOJ won’t “allow companies to collude in order to overcharge consumers.” The government has not provided any proof that it’s a widespread issue.

Democrats have been trying desperately to pin the inflation issues on so-called price gouging. And while it’s true that many big corporations have seen increases in profits, the same cannot be said for small businesses. Targeting companies that are trying to survive during these unprecedented times seems like a terrible policy. However, terrible policies seem as though they’re the standard in the current White House.

Have you noticed any price gouging in your area?

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