Said on another thread.
We’ve not had this type of inflation since the Carter administration. So where did the greedy price gougers go when, Reagan, Bush 41, Clinton, Bush 43, Obama, and Trump were president? Are gougers a new phenomenon? No. The previous presidents pursue policies that weren’t inflationary? It isn’t price gouging it fiscal policy.
None of those 6 presidents had to impose draconian measures. In fact, not even Carter made this mistake. Neither did Ford. Hairass is proving she she is less competent in economics than any previous President since Nixon.
Her own program damns her as incompetent because she can’t control gouging and the previous 8 could.
The central belief of Keynesian economics is that government intervention can stabilize the economy.
Many economists have criticized Keynes’ approach. They argue that businesses responding to economic incentives will tend to return the economy to a state of equilibrium unless the government prevents them from doing so by interfering with prices and wages, and making it appear as though the market is self-regulating.
Because of currency devaluation, the federal tax revenue is growing by leaps and bounds. Will cackling Commie-la keep the IRS from price gouging us?
Cost-gouging imposed by leftists’ artifice leads to increasing costs of energy.
Natural gas fuel for generating electricity, is much more stable than solar and wind “fuels.” Stability of fuel supply equates to having and maintaining lower costs.
First day in Executive Office, Biden was taking steps to increase the cost of energy - example: Upsetting plans for Keystone Pipeline (and thus natural gas flow) developments. By January 2022, the cost of fertilizer produced from natural gas, tripled (southern Illinois).
Kamala Harris solution-type: Socialists (California Energy Commission - “CEC”) propose to nationalize (state level) petroleum refineries in order to cap and control prices. The same socialists who demand “minimum wages” and unionized government employees who supposedly will maintain stable energy supplies.
What’s her opinion about the price gouging that is mandatory $20/hour “minimum wage”?