The extreme heat waves during the last two summers, and the hardships they have caused for millions of Americans (including 82 heat-related deaths this year), firmly establishes that we are at the mercy of a very cruel, ruthless, merciless, cold-hearted, and uncaring force: Mother Nature ..
To counteract the injustice of temperature gouging, let me propose a Maximum Temperature Law that will force all thermostats sold in the United States to have a maximum, reasonable and fair temperature reading of let’s say 90 degrees Fahrenheit. As part of the new legislation, all existing thermostats in homes, offices, and businesses should be immediately replaced with new thermostats with a maximum reading of 90 degrees.
.. imposing a maximum temperature law would create a government-mandated fantasy world about weather conditions, with a disconnect between the true temperature (e.g. 100 degrees F) and an artificial government-mandated maximum temperature (90 degrees F). And just like price gouging laws distort the market for essential goods following a disaster, so would the maximum temperature law create havoc for Americans, because thermostats would be conveying inaccurate measures of the true temperature.
When it comes to the weather, we want the most precise measure possible of the temperature, and we get that from an accurate thermostat, not from artificial, government-mandated maximum temperature laws. When it comes to maximizing the efficiency of the market for essential goods and services on the East Coast following Hurricane Sandy, what we want are accurate, truthful and precise measures of relative scarcity, and we get those from market prices, not from artificial, government-mandated maximum prices established with price gouging laws.