Capitalism has created more wealth around the globe than any other system, ever. And America has benefited hugely from the system where providers find a need, create a product or service, set a price and watch their business boom.
Now in one state it’s getting even better – as officials have decided no longer to dictate to retailers what prices they must charge.
It is the Institute for Justice that explains Minnesota has changed its laws to allow discounts on gasoline and dairy products.
Two measures that eliminate state-ordered minimum price requirements were signed into law by Gov. Tim Walz. The IJ noted the bipartisan bills were part of the larger Omnibus Commerce Appropriations Bill and Omnibus Agriculture Bill.
WND is now on Trump’s Truth Social! Follow us @WNDNews
The IJ had lobbied for both changes.
“Minimum markup laws are the result of outsized influence from special interests with a direct stake in keeping higher prices in place, no matter how much they hurt consumers and businesses,” said Meagan Forbes, senior legislative counsel for IJ.
“As the Federal Trade Commission has long recognized, these laws protect individual competitors, not competition, and discourage pro-competitive price-cutting. These reforms will give businesses more flexibility with pricing and will help consumers at a time when many families are struggling with rising costs.”
The organization explained minimum markup laws prohibit retailers from pricing their product below a state-mandated floor.
“Under Minnesota’s law, gas stations were forced to sell gas for 8 cents more than what they paid for it. Following the change in Minnesota, only seven states will continue to impose a minimum markup on selling gas. State law also prohibited retailers from selling dairy products like milk, yogurt and cottage cheese below cost except for one month per year—June, national dairy month,” the report said.
The IJ noted a 2017 study found minimum markup laws have had “no effect” on the number of gas stations in a state.
IMPORTANT NOTE: “Election denier!” “Science denier!” “Climate-change denier!” “Conspiracy theorist!” And then there’s “hate speech,” “fake news,” “disinformation,” “misinformation,” even something called “MALinformation.” A bizarre new lexicon has been conjured up by America’s elites, the SOLE PURPOSE of which is to discredit and ridicule – and if at all possible, CENSOR ENTIRELY – speech that doesn’t support their increasingly dark and deranged agenda. Tucker Carlson is just the latest.
In the greatest imaginable irony, the nation once boasting the most robust culture of freedom of speech and the press – undergirded by the strongest constitutional protections for those rights – is now ground zero for a total war on free expression.
How could this possibly happen in the United States of America? It’s all explained as never before in the sensational new issue of WND’s critically acclaimed WHISTLEBLOWER magazine, titled “THE ELITES’ ALL-OUT WAR ON FREE SPEECH.” WHISTLEBLOWER is available in both the popular print edition and a state-of-the-art digital version, either single issues or discounted annual subscriptions.
For 25 years, WND has boldly brought you the news that really matters. If you appreciate our Christian journalists and their uniquely truthful reporting and analysis, please help us by becoming a WND Insider!
Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact email@example.com.
This article was originally published by the WND News Center.