Posted on 08/16/2024 5:39:50 AM PDT by MtnClimber
Her price controls scheme is a guaranteed way of bringing Soviet-style shortages to the U.S.
If you thought the economy couldn't get worse under Joe Biden, wait 'til you get a load of what Kamala Harris has in store for it.
According to The Hill:
Vice President Harris on Friday will outline a series of economic policy proposals as part of her presidential campaign, including a call for a federal ban on corporate price-gouging.
Harris will deliver remarks in North Carolina, a battleground state in November, where her campaign said she will focus on plans to lower the cost of groceries. The vice president will say that soaring meat prices in particular have contributed to a spike in grocery bills, and she will call out corporate consolidation in the market.
Those meat hike price rises, like everything else, including the price of oil, are the direct result of government overspending and money-printing that have brought us inflation. Harris proposes to control these prices, as if any business raising prices is "greedy," cracking down on what the Bolsheviks used to call "hoarders and wreckers."
But inflation and the interest rate hikes used to control it, hit every aspect of the economy, not just groceries, from rents to housing stock, to medical care, to credit card rates, to consumer goods. And they are all the function of too much money chasing too few goods, which is why prices go up.
On everything, everywhere. Inflation, as Milton Friedman has stated, is always and everywhere a monetary phenomenon.
(Excerpt) Read more at americanthinker.com ...
Marxists always wreck economies.
Can someone point to an example of where wage and price controls worked and didn’t produce shortages? I taught graduate-level econ courses for 40 years and I never found one example.
you will sell that product at a loss
now make more
The leftists seem to love shortages and ration lines. I think the shortages are planned.
I can't remember how that practice got stopped, but U know it pissed off a lot of people at the time.
“government overspending and money-printing that have brought us inflation.”
Cannot be said enough.
It is exactly like Venezuelan, Cuban, Colombian, Argentinian, etc. ‘governance’ which devalued their currencies and impoverished their people.
We are not on the Gold Standard -and neither were they.
Wonder if she will institute impromptu firing squads to make the bourgeoisie impossible?
She Guevera
... So you can make it up on volume?
(old joke)
If you're a prepper and have survival food just in case, it's your fault we have inflation. If you've bought extra guns/ammo, you're an aspiring insurrectionist. If you have a 401k, we need to take that because the market may tank. If you have a savings account, we need to take that because inflation is eating it up anyways. If you have gold, silver or other "barter materials", we need that because . . well, we just do.
Because of their currency devaluation the federal government is bringing in more money than ever. Will cackling Commie-la accuse the IRS of gouging?
How long before they go full ‘Directive 10-289’?
I'm stealing that.
Wrecking (Russian: вредительство or vreditel'stvo, lit. "inflicting damage", "harming") was a crime specified in the criminal code of the Soviet Union in the Stalin era. It is often translated as "sabotage"; however, "wrecking", "diversionist acts", and "counter-revolutionary sabotage" were distinct sub-articles of Article 58 (RSFSR Penal Code) (58-7, 58–9, and 58-14 respectively), and the meaning of "wrecking" is closer to "undermining".
Things from the past! In the Depression of the 1930s the cheapest meat was STEAK! Yet people without jobs could not afford it and starved.
So FDR decided to get the price UP by buying and killing millions of head of beef and hogs. The meat had to be shot and buried. Some say some of it was given to the poor but others said it had to be buried. And those without jobs st could not afford the meat.
In the mid 1970s Gerald Ford started his Whip Inflation NOW!(WIN) to stop inflation. The stores simply ignored it.
It is now as bad as in the Carter Years when the interest rates were at 8% for a government loan on a house.
My memory says interest rates on homes hit 14% before that slack-jawed peanut farmer was ousted. We had an 8% mortgage and were celebrating that we didn’t wait longer to buy our house.
Mortgage rates during Carter’s presidency reached historically high levels. By 1980, the average 30-year fixed mortgage rate was approximately 16-18%.
“Up against the wall, kulaks!”
I hear demonrats are cheap but they’re gamey and stringy so stock up on bbq sauce.
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