Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
You are demonstrating ignorance. Price colluding is illegal and happened all over during Covid.Kamala Harris Endorses Nixonomics
We wrote Friday that Kamala Harris was likely to continue President Biden’s unfinished Build Back Better agenda, but it turns out we were far too optimistic. The policy priorities the Vice President laid out Friday are much worse, including a plan to impose national price controls on food and groceries.
Ms. Harris’s political problem is that the Biden-Harris economic policies have delivered inflation and declining real incomes. The high price of food is a particular sore point, and the Vice President’s response is to make it worse by resorting to Venezuelan-style left-wing populism. That’s no exaggeration.
On Friday she floated a “first-ever federal ban on price gouging on food and groceries,” including “new authority” for the Federal Trade Commission and state attorneys general to punish companies for charging too much.
This sounds like legislation introduced by Sen. Elizabeth Warren that would ban “grossly excessive prices” as determined by the Federal Trade Commission. Business violations would carry a penalty of up to 5% of annual revenue. This would effectively let the FTC set prices. But what is an excessive price? Is $4 too much for a gallon of milk in Omaha? Is it a different price in Miami? FTC Chair Lina Khan and her army of bureaucrats would presumably decide.
This is perfect.
She's a moron. She knows nothing. And she picked a VP that is stupid as she is.
You ever hear about what happened with Rent Control (no supply) or Gas Price Freezes (long lines).
Price is what clears the market. Harris does not understand that increasing the money supply pushes up prices. She's done it already. If she trys this, then she's going to likely see prices go up. That or the products wont be available. Like waiting in line for bread like they do in Russia ?
I never thought the day would come where we'd put a full-on retard in the W.H. With Bush we got close.
Grocery stores profit is only 1.5% on food. Not really price gouging. Her and Biden caused this inflation, don't worry. Trump will fix it in January.Weren't you just in another thread bitching about high grocery prices?
Do you want something done or not?
Make up your alleged mind.
So, your speculative food shortages.Price controls always lead to shortages.
Why do so many of you babble aimlessly when I ask questions?Wow that honeymoon is over, huh?
Well, you tried I guess
It's called Economics 102.So, your speculative food shortages.
You should have started with 101, it gives you the basics you need to understand 102.It's called Economics 102.
I did both, thanks. You did neither, which is why you don't understand how price controls cause shortages.You should have started with 101, it gives you the basics you need to understand 102.
Speculative shortages. You are guessing. Hoping most likely.I did both, thanks. You did neither, which is why you don't understand how price controls cause shortages.
I can make up numbers too.You are demonstrating ignorance. Price colluding is illegal and happened all over during Covid.
Monetary policy contributed almost nothing to inflation. In order of magnitude:
45% from profit taking
30% from supply shortage
15% from Labor costs
10% from money (stimulus)
Let's see.....Speculative shortages. You are guessing. Hoping most likely.
Linky ?Price colluding is illegal and happened all over during Covid.
How is that relevant ?To say that harris has no credibility is putting it mildly
I’ve heard enough of harris’ ideas already to know she’s a damn foolHow is that relevant ?
