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Is it illegal to charge insane prices for things? (self.nostupidquestions)

submitted 10 months ago by Lafari to c/[email protected]

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Is there a law preventing me from for example selling a baseball hat for $20,000?

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[–] BrerChicken 7 points 10 months ago* (last edited 10 months ago)

In certain circumstances you're not even allowed to sell things for more if someone OFFERS it! For example, if you have pallets and pallets of bottled water, and a hurricane just tore through, all of a sudden your water is much more valuable. You could conceivably sell it all for 10 or 20 times the price.

But that's called price gouging, it's illegal, and it's something that only total potatoes do. It's also something that might get you hurt later, once things settle down and people remember that you were trying to charge them $20 for a bottle of water when there was a boil water order on.