Kamala Harris finally decided to drop some key economic agenda items last week, and you’d have to be living under a rock to not know that it was a disaster. Kamala was blasted from both sides of the aisle for proposing dangerous policies that are likely to make the problems she claims to want to fix even worse.
The most notable example of this was her proposed federal ban on “price-gouging,” which was blasted by liberal Washington Post columnist Catherine Rampell and even an Obama economist.
“It’s hard to exaggerate how bad this policy is,” Rampell wrote Thursday evening. “It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.”
“This is not sensible policy, and I think the biggest hope is that it ends up being a lot of rhetoric and no reality,” Jason Furman, the former National Economic Council chair under Obama, told the New York Times. “There’s no upside here, and there is some downside.” […]
– Read More: pjmedia.com
