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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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To: E. Pluribus Unum
The supermarket industry is very competitive with low profit margins per item. They all sell the same products. Simple fact of the matter is there is NO price gouging in the industry because if there was that supermarket franchise would be out of business. This is all on Biden and Harris. No amount of Times misdirection is going to get them off the hook
41
posted on
08/16/2024 9:57:14 AM PDT
by
chuckee
To: Reno89519
Heels Up’s own father wrote extensively about the glories of central planning, and how every country should be doing it.
The apple does not fall far…
42
posted on
08/16/2024 10:08:21 AM PDT
by
cld51860
("This business will get out of control...")
To: E. Pluribus Unum; All
These clowns should understand there is no such thing in a free market.
43
posted on
08/16/2024 11:00:37 AM PDT
by
Cobra64
(Common sense isn’t common anymore.)
To: Reno89519
I remember the Carter price & wage controls when he was president. My wages were controlled, but prices....not so much.
44
posted on
08/17/2024 4:50:01 AM PDT
by
oldtech
To: Reno89519
We as consumers most likely do not know what is added at each step after an item leaves the manufacturer so how are we to know who is doing the gouging?
45
posted on
08/17/2024 4:53:47 AM PDT
by
oldtech
To: E. Pluribus Unum
I would wager that it's the government that's doing all the gouging.. Higher taxes, environmental nit-picking, higher tariffs on imported goods, increased kickbacks and blackmail, slowdown in engineering and manufacturing due to DEI, not enforcing the laws against theft, etc, etc....
The Government is "micro managing" us to death.. :(
46
posted on
08/17/2024 5:16:28 AM PDT
by
unread
(I pledge allegiance to the flag of the United States of America, and to the REPUBLIC..!)
To: E. Pluribus Unum
No, as always, Kamela is a California democrat and anti business to the bone.
Business is the enemy of the people
47
posted on
08/17/2024 5:19:34 AM PDT
by
bert
( (KE. NP. +12) Where is ZORRO when California so desperately needs him?)
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