If Biden saved the economy, why do we need Harris’s price controls (by whatever name she calls them)?
The Soviet Union didn’t implement price controls because everyone was wealthy and well-fed.
Biden “recovered all those millions of jobs that [Donald] Trump watched slip away,” Sen. Dick Durbin (D–Ill.)
Just four days ago, Harris outlined plans for gigantic government interventions in the economy, including price controls.
(Though they can certainly influence events, as we’ll see if Harris gets her way and implements some form of federal price controls.)
(Commentary) After all the talk of abortion rights, protecting democracy, and how “fun” Vice President Kamala Harris apparently is, the first night of the Democratic National Convention culminated with a celebration of President Joe Biden’s four years in office.
In what was billed as the first major policy speech of her hastily assembled campaign, Harris promised to implement the “first-ever federal ban on price gouging on food and groceries” and to take other actions to empower the federal government to “bring down costs.” There has been a lot written already about why price controls are a terrible idea, and more will be written in the days ahead.
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