No Point Intended

Freezing prices

April 22, 2008 · 1 Comment

So I watched Deep impact the other night on HBO, mostly because there was nothing else, though I think it was the better of the two comet-destroys-the-earth movies that came out in 1998 (the other, Armageddon, where Ben Affleck saves the world, was horrible).

Forget all the comet talk, though. There was one part of President Morgan Freeman’s speech announcing the end of days that has stuck with me ever since. He said he was going to freeze prices so there wouldn’t be any profiteering or hoarding from the earth’s misfortune in the days leading up to, well, Deep Impact.

That got me wondering. Can a president actually do this? How would it even be possible without declaring all out martial law? I need some of you lawyers and economists out there to help me out on this.

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