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.
Everything. Inflation, as Milton Friedman has stated, is always and everywhere a monetary phenomenon.
You get rid of inflation the way President Javier Milei of Argentina did, by stopping the government spending.
But Kamala Harris is unlikely to know where Argentina is, let alone learn from its example, and the rest of her economic plan is to spend trillions more on child care.
Kamala’s plan will work about as well as it worked in the Soviet Union, Cuba, and Venezuela. Like shortages? Like long lines? Like bread lines where the bread runs out? Like ration cards? This is the way you get those shortages.
“Inflation, as Milton Friedman has stated, is always and everywhere a monetary phenomenon.”
The monetary inflation is reflected in huge housing and stock prices.
The food inflation was caused by Joe Biden causing oil prices to soar after he shut the Keystone Pipeline project down. Petroleum and natural gas are used for fertilizer, tractor fuel, truck fuel, food processing fuel, and grocery store electricity production.
There is also the food related impact of the Russian/Ukrainian war.
“her economic plan is to spend trillions more on child care”
I have proposed this on this site and elsewhere:
Seven days a week jobs and childcare can be shared.
Week 1
Mom 1
4 days job
3 days childcare
Mom 2
4 days child care
3 days job
Week 2
Mom 2
4 days job
3 days childcare
Mom 1
4 days child care
3 days job
If the workday is 10 hours long, each mom will average 35 hours a week working on average.
NOTE: It would be an entirely a private initiative, so it does not appear on my profile page as a campaign platform issue.
In the modern era, many companies like grocery stores, Walmart and Amazon operate seven days a week.