Politicians routinely pander to voters with ideas that sound appealing but are harmful in practice. The reflexive vow to impose price controls to stop those greedy corporations from gouging consumers with high prices exemplifies this type of poor policy.
Yet in one of her first policy proposals as the Democratic Party’s White House candidate, Kamala Harris insisted that the country needs “the first-ever federal ban on price gouging on food and groceries.” She would set “clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries.”
While these accusations are vague, they still clearly do not apply to the grocery business.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Kamala Harris is wrong. American economic history is replete with failed price control policies
Wayne Winegarden and Kerry Jackson
Politicians routinely pander to voters with ideas that sound appealing but are harmful in practice. The reflexive vow to impose price controls to stop those greedy corporations from gouging consumers with high prices exemplifies this type of poor policy.
Yet in one of her first policy proposals as the Democratic Party’s White House candidate, Kamala Harris insisted that the country needs “the first-ever federal ban on price gouging on food and groceries.” She would set “clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries.”
While these accusations are vague, they still clearly do not apply to the grocery business.
Read the full article at Fortune
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.