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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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[–] [email protected] 4 points 10 months ago

No, not really. If there was some other goal besides the honest exchange of the hat for the money, then maybe. Fraud ("the hats made of gold and is therefore a great value!") and price gouging ("it's the only hat for sale on a sunny day so I'm selling it at a 1000x markup!") might be crimes in some contexts. As mentioned, money laundering (avoiding tax or other legal requirements to move money) is also a crime.