A bit of breaking news came across the wire on Wednesday night. You may want to sit down for this, but Kamala Harris finally has an official policy proposal. Given that she’s been in the race for nearly a month, did she cook up some brilliant, novel approach to the issues Americans care about the most?
Nah, she just microwaved some communism and proposed price controls.
Harris will propose, what her campaign bills as “the first-ever federal ban on price gouging on food and groceries—setting 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.”
— Philip Melanchthon Wegmann (@PhilipWegmann) August 15, 2024
Of course, the press lapped it up, with several journalists on social media treating it like Harris had just stepped down from upon high to present the Ten Commandments. Nothing matters on that front. If the Harris campaign says it, it’s going to be spun as “joy” and “optimism” wrapped in abject brilliance.
For normal Americans, though, these policies have consequences, and price controls would be an economic disaster. One only needs to look at the history of the Soviet Union to understand that, or if you’d like a modern day analogue, Venezuela. When government is used to cap the prices, from groceries to rent, it inevitabily leads to stagnation or even regression in the market. […]
– Read More: redstate.com
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