The idea of minimum price regulations saw its American heyday during the New Deal, where it was a prime component of FDR’s National Recovery Administration. And the 1935 Supreme Court decision striking down the NRA as unconstitutional didn’t affect state laws like the one that has gotten Grand Rapids-based grocery chain Meijer in trouble for allegedly pricing its goods too low [Michigan Live]:
“Wisconsin is among 16 states with minimum markup laws that have price protections for retailers, according to the National Conference of State Legislatures.
“This is a bit peculiar for us, we are not accustomed to regulations that limit our customers’ ability to save money when they shop with us,” Guglielmi said.
More: K. William Watson, Cato (“While state laws like Wisconsin’s Unfair Sales Act are relatively rare, the federal government relies on the same bad economics to justify the U.S. antidumping law, which imposes punitive tariffs on imports sold below ‘fair value.'”).