Harris Gets Destroyed Over Price Controls BY.......

[SweetSue92]

Inflation is 14% and profits are up 75% and you don`t know why so many people hate unfettered Capitalism? I hope Dear Leader never finds out that you`re reading a MAGA banned newspaper.

I'm not a libertarian. I don't believe in no government oversight. But listen, if you think price controls are a great idea, you deserve what's coming.

 

[Independent thinker]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. 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.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

As bad as WAPO is, I guess even they don't want socialism.

 

[August West]

I'm not a libertarian. I don't believe in no government oversight. But listen, if you think price controls are a great idea, you deserve what's coming.

Bring it!

 

[JoeB131]

I doubt it. It's a lot closer than your precious biased MSM is telling you

And you're the last one to be claiming you have a lick of common sense. That and you're clueless on about every topic you engage in

Oh, FatIrishSow, Trump is going to lose, and then he's going to prison.