But historically, having the government control prices has led to great economic success - just ask any Venezuelan who came to the US for our welfare. Maybe a sound currency and cheap energy would take the lid off of inflation but that's just common sense and basic Econ 101 which Kameltoe has decided will have no place in her administration.
https://ace.mu.nu/
Not just grain, but all foods. But "price controls on grain" sounds particularly Soviet.
Kamala Harris to propose "Soviet" style price controls despite Fed discrediting the policy
Quick Hit:Vice President Kamala Harris is set to outline a limited economic plan on Friday, which has already drawn sharp criticism for its reliance on government-imposed price controls. Critics argue that Harris's approach mirrors failed Soviet-style policies that "will result in scarcity and higher costs," with the Federal Reserve having previously published reports discrediting such measures during her administration.
Key Details:
Harris's plan includes pushing for a federal ban on price gouging by food corporations, with enforcement by the Federal Trade Commission (FTC) and state attorneys general.
The St. Louis Fed, under the Biden-Harris administration, in a 2022 report warned against price controls for "[distorting] market signals" and leading to "costly shortages and inefficiencies," highlighting the risks of Harris's proposed measures.
Critics have slammed the proposal, comparing it to Soviet-era price controls that led to shortages and higher costs. "Kamala Harris is literally proposing price controls on food," said RealClearPolitics senior writer Mark Hemingway.
Kamala Harris is literally proposing price controls on food. This is literally what the Soviets did and the results will be scarcity and higher costs.
Tomorrow, Kamala will be blessing us all with a speech on economics, which she is already lowering expectations for by warning us the speech will be "light on details."
Wow, this Airhead Town Pump will be short on details in a speech on policy? I don't know about you, but my world is spinning.*
Vice President Kamala Harris is set to deliver an economic speech in Raleigh, North Carolina, this Friday. Harris has yet to define any clear policy positions as the presumptive Democratic nominee, leaving many wondering if she has any real plan at all.
Key Details:
Vice President Kamala Harris will speak on the economy in Raleigh, North Carolina, on Friday.
Her speech is expected to be vague, with few details about her economic policies.
Harris has avoided interviews or press conferences since becoming the presumptive Democratic nominee.
Comments
I'm beginning to think that Harris doesn't understand business or economics. @MelloDawg what is your opinion on price controls of food?
price controls on grain after 40+% of all farmland has been sold to foreign entities
What on earth could go wrong
She's channeling Nixon now
Stick to Trump honey
The 70s were a diaster. One difference is OPEC fucked us on energy not our own administration
Ford wanted to whip inflation now
You know what whipped inflation and brought energy prices down?
The free market under Reagan. Cut taxes and regulations
H claims he voted for it then and hates it now
Kommie-la barely has the IQ to continue breathing. Our resident commies are on the same level so they're all in on her! Those that can't earn due low IQ want free shir news of the day!
Price controls... brilliant... get ready for those businesses to go belly up. And for the stock market to fall off a cliff.
Just think of the thousands of new government enforcement employees need to police the price of food. None of the thousands actually produce anything except more debt and more government spending which doesn't create an ounce of actual food.
Price controls combined with more regulations on farming and ranching that will only further consolidate the industry is a can't miss policy.
Price controls on private businesses are, in nature, an example of a fascist policy.
lol