Great, government price controls - those have always worked out so well in the past when tried by Communist nations.
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.