August 19 2024
“Ms. Harris says she’ll target companies that make ‘excessive’ profits, whatever that means. (It’s hard to see how groceries, a notoriously low-margin business, would qualify.) Thankfully, this gambit by Ms. Harris has been met with almost instant skepticism, with many critics citing President Richard M. Nixon’s failed price controls from the 1970s. Whether the Harris proposal wins over voters remains to be seen, but if sound economic analysis still matters, it won’t.”
“The campaign is starting to roll out its economic platform, and the substance likely won’t appeal to many people who actually know about economics.”
“When leftists run out of alternative ideas, they dip into the stupid bucket to come up with such moldy oldies as price controls — which is just what Vice President Kamala Harris just proposed for groceries.”
“There’s just one issue: Harris’ proposal could create more problems than the one it’s trying to solve, some economists say.”
“There's very little evidence that corporate greed or price gouging is responsible for high grocery or housing prices."