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Harris Plans to Ban Grocery ‘Price Gouging.’ What Does the Evidence Say?
The New York Times ^
| Aug. 15, 2024Updated Aug. 16, 2024, 6:57 a.m. ET
| Jim Tankersley and Jeanna Smialek
Posted on 08/16/2024 6:52:41 AM PDT by E. Pluribus Unum
In detailing her presidential campaign’s economic agenda, Vice President Kamala Harris will highlight an argument that blames corporate price gouging for high grocery prices.
That message polls well with swing voters. It has been
embraced by progressive groups, which regularly point to price gouging as a driver of rapid inflation, or at least something that contributes to rapid price increases. Those groups cheered the announcement late Wednesday that Ms. Harris will call for a federal ban on corporate price gouging on groceries in an economic policy speech on Friday.
But the economic argument over the issue is complicated.
Economists have cited a range of forces for pushing up prices in the recovery from the pandemic recession, including snarled supply chains, a
sudden shift in consumer buying patterns, and the increased customer demand fueled by stimulus from the government and low rates from the Federal Reserve. Most economists say those forces are far more responsible than corporate behavior for the rise in prices in that period.
The Harris campaign announcement cited meat industry consolidation as a driver of excessive grocery prices, but officials did not immediately respond on Thursday to questions about the evidence Ms. Harris would cite or how her proposal would work.
(Excerpt) Read more at nytimes.com ...
TOPICS: Humor
KEYWORDS: pricecontrols; pricegauging; pricegouging
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Demorat SOP; punish the innocent, reward the guilty.
To: E. Pluribus Unum
Communist price controls, just what we need, centralized planning our our economy down to what we can buy and at what price.
2
posted on
08/16/2024 6:56:03 AM PDT
by
Reno89519
(“We believe in the collective,” says Gun Grabbing Harris and Stolen Valor Timmy "Tampon" Walz.)
To: E. Pluribus Unum
I believe one of the biggest causes of price increases is energy costs. Fuel costs went up sometimes +300% after Biden took over, as that snowballed into inflation.
To: where's_the_Outrage?
I believe one of the biggest causes of price increases is energy costs. Fuel costs went up sometimes +300% after Biden took over, as that snowballed into inflation. The end of "fossil" fuels is the end of food.
4
posted on
08/16/2024 6:57:32 AM PDT
by
E. Pluribus Unum
(The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
To: E. Pluribus Unum
If you think prices are high now, wait til the gummit controls them.
5
posted on
08/16/2024 7:01:01 AM PDT
by
bray
(It's not racist to be racist against races the DNC hates.)
To: E. Pluribus Unum
Exactly what should a bagel cost on 2027?
6
posted on
08/16/2024 7:02:15 AM PDT
by
wiseprince
(Me)
To: E. Pluribus Unum
A lame ass attempt to deflect from the truth that the current administration is the root cause of our current inflation and price hikes.
Of course idiots who only believe what they are told to believe encourage this nonsense, along with economically ignorant freeloaders eager for more handouts which is how Chavez rose to power to ruin Venezuela.
7
posted on
08/16/2024 7:02:27 AM PDT
by
Pox
(Eff You China. Buy American!)
To: bray
If you think prices are high now, wait til the gummit controls them. Prices of food, if you can find any.
8
posted on
08/16/2024 7:02:34 AM PDT
by
fwdude
To: E. Pluribus Unum
Trump is right, she is stupid and she does want to further destroy America.
9
posted on
08/16/2024 7:09:01 AM PDT
by
1Old Pro
To: E. Pluribus Unum
I used to do most of my shopping at Publix, but now shop mostly at Walmart.
I go early in the day when there are the fewest shoppers (not to mention, old folks like me, who don't yell at all the workers when we don't get our way, and those who constantly block aisles).
I still go to Publix for their meat, bakery, and deli. And it is a much cleaner and neater store with a higher class of shoppers...
10
posted on
08/16/2024 7:10:37 AM PDT
by
jeffc
(Resident of the free State of Florida)
To: bray
The Democrats will have us eating pets and zoo animals at this rate.
11
posted on
08/16/2024 7:12:02 AM PDT
by
cnsmom
To: E. Pluribus Unum
Publix, for local example, makes under 1.5% profit, gas stations make less.
These democrat candidates are the epitome of evil and need to be tossed into the dust bin of history.
Electing garbage like Hairass and walz is t suicide.
12
posted on
08/16/2024 7:13:07 AM PDT
by
ABStrauss
(I miss Rlush!)
To: E. Pluribus Unum
...Harris will call for a federal ban on corporate price gouging on groceries... What's the exact metric for measuring "gouging"? Does anyone else get nervous when the gov't can decide who gets punished with no metric in place?
13
posted on
08/16/2024 7:18:32 AM PDT
by
econjack
To: E. Pluribus Unum
No evidence needed as long as the media polishes this as a grand idea and policy.
14
posted on
08/16/2024 7:19:28 AM PDT
by
damper99
To: E. Pluribus Unum
Is she going to be the Food Czar now?
15
posted on
08/16/2024 7:19:40 AM PDT
by
bray
(It's not racist to be racist against races the DNC hates.)
To: E. Pluribus Unum
The low IQ voters will be wetting themselves in excitement.
16
posted on
08/16/2024 7:19:58 AM PDT
by
dynachrome
(Auslander Raus!)
To: E. Pluribus Unum
people will pay anything for that last loaf of bread
17
posted on
08/16/2024 7:28:51 AM PDT
by
joshua c
To: E. Pluribus Unum
The Dems want shortages, and this is part of the same enterprise as the war on farmers.
18
posted on
08/16/2024 7:29:44 AM PDT
by
Salman
(It's not a slippery slope if it was part of the program all along. )
To: E. Pluribus Unum
It all comes down to $$ printing. That is the source of all inflation, the rest is window dressing. Kamala, like the PedoPres is commie trash. Price controls are the way to cull the population.
19
posted on
08/16/2024 7:30:36 AM PDT
by
bobbo666
To: econjack
gouging will be inversely proportionate to the donations to dems
20
posted on
08/16/2024 7:31:09 AM PDT
by
joshua c
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