Are you in favor of VP Kamala Harris proposed “price controls” to lower the cost of the cost of housing, medicine, and food?

[Kelley1]

https://www.aol.com/news/price-gouging-why-vp-harris-224937719.html

What will we eat when we go to our grocery store and the shelves are empty?

[WindAtMyBack]

She is proposing nonsense that will never happen and she knows it will never happen. It's nothing but BS to get votes. Obama did that all the time. He was constantly coming up with ideas that he knew damn well would never happen. It was all show.

She even admits that it's about supply chain. She admits that the supply chain is starting to get back to normal. So let it work itself out instead of micromanaging things. Of course there is a delay. Duh! Has she never heard of leading and lagging indicators? Shit don't happen all at once.

[shortster]

Price controls don't work

[Kelley1]

They don't work as intended (or at least as politicians claim), but they cause shortages and can make some items unobtainable.

[lightbulb27]

medicine maybe... but no. govt raises price of everything it touches in order to ensure inflation... medical, education, etc.. they don't want deflation. solution to high prices is more supply and competition...

been in office 4 years, didn't notice prices went through the roof due to own policies... and was denying it was a problem... even when the fed uses BS formula to calculate infation and it is much higher than reported? now coming up with policies? lol... tears for the humans being managed!

now proposing what Carter tried... and sent USA into a mess in 70's... which created inflation.

housing is a mess due to bailouts and 0 interest rates for 2 decades... no comment yet.

solution... cut spending, cut govt, and maybe turn white house lawn into organic farm... all that wasted land. Recession, depression, prices drop:)

[gorydetails]

Price controls of anything are bad.

[Iron_Man]

She is the same person as Joe Biden and they haven’t done anything in the past four years and things keep going up. It’s just all talk so she can become elected. That’s gonna be another four years of the same thing if she wins in November and we can’t afford it another four years of this.

[Snakeyes7]

Hell no. I hope she loses because of this.

I want to say there is no way people are so stupid as to believe that price controls are an effective means of fixing the economy... but people surprise me every day.

We have had over a century of evidence that is doesn't work with dozens of countries doing it and got absolutely ruined as a result. Current day South America is living proof of it and at least Argentina is starting to come around with Javier Milei.

[goaded]

Those corporations are making record profits. They used inflation as an excuse to raise prices and not reduce them after all the problems were gone. Capitalists are monopolising housing and raising rents out of touch with reality.

German supermarkets chose not to carry brand name products that had excessively raised prices. Guess what? They're back now, at better prices.

[dustybiker2]

Oh stop. It has nothing to do with supply and everything to do with greed.
This is taking advantage it a "fake" as some people call it pandemic.
Yes I support her idea, finally someone stepping up. The poor can afford to buy their entire grocery list instead of just 25%. Everything has gone up around $4 each here. Insane. The elderly and veterans deserve to be able to bring home basics when they need them not just when they can afford them.

[Anonymous]

A rare moment where Kamala puts out one of her own 'solutions' consistent with her history rather than simply follow their script writers like Joe Biden.


In the rare occasion she gets control of the script this is how she is different from Joe and the machine.

[Bubbatech24065]

While gouging is against the law, price control is not, because it is a communist agenda. And the main reason for the price increase is the energy agenda of the democrats. Democrats want energy price to rise, so they can push more expensive solutions.

[Surely]

Until she realizes that the end costs of goods. Begin with the cost of energy. A problem that she has created. People will not like the results of her pipe dream policies.

[normalice]

Yes. Right wingers have made inflation central to their campaign but offered no solutions. So, keep beating them over the head with this until they admit it was never in Bidens control.

[WhitneySnow]

I think it’s a great idea. Grocery stores won’t cut off their nose to spite their face. They’ll keep selling groceries, they just won’t make quite as much profit doing so.

[Kelly6]

@Kelley1 It won't happen, every usa president comes with false things that he or she will do, just to get publics support but do nothing 😆

[DJB72]

There's this..

[msc545]

Yes, I'm in favor. Really. Things are overpriced to the point that people are starving. That's not going to last for very long before we start having some real violence in the form of food riots. Price controls will eliminate that.

[CaptainSmartass]

That's the sort of shit they do in Russia and other commie countries.

Simples...

[CaliChick94]

Of course everything is getting more expensive

[Kelley1]

Why do you think that is?

[CaliChick94]

Greed

[Kelley1]

There is always greed. However, if there is lots of competition, as there is in groceries, greed doesn't increase prices, because if a business attempts to raise prices, they lose customers to other greedy businesses that will sell at a lower price.

[eagle1951]

she can't do it without Congress and the senate approval.

[buzzword]

Nope.

[buzzword]

According to the Quantity Theory of Money, price level of goods and services is directly proportional to the amount of money in circulation. When you look at the Quantity Equation you see

Money Supply * Velocity of Money = Price Level * Real GDP

So if the money supply is increasing exponentially for example as it was under Joe Biden/Kamala Harris:



And stimulus payments are sent out in the form of checks all over the country frivolously to increase the velocity of money

https://www.youtube.com/watch?v=24tgiife6Wo

without increasing Real GDP at an equivalent rate the prices have to go up.



It's by design. Inflation was a policy decision for the Democrats. It's not an accident. They intentionally devalued the Federal Reserve Note so that prices would go up. It's not something that can be fixed without reducing the money supply, exponentially growing GDP (which doesn't happen in the real world), or instituting a new currency which is ultimately what they wanted to do with a Central Bank Digital Currency along the lines of what is used in communist China. They created a problem, and now they are offering fake solutions to the problem they created. It's a basic con job. Only the mentally retarded would believe them. It's basic math. Even an elementary school student could figure it out.

[LoveHotGrillz]

No...

[gorydetails]

Good ole communism.