Reasons we must fear Kamala Harris

Kamala Harris Tyrannical 2019 Video Resurfaces: 'I Will Snatch Their Patent So That We Will Take Over'  . . ."[Patent] law is notoriously complex, and there are certainly some drug companies that take advantage of them. I have no love for the Pfizers of the world who raked in billions with their flawed COVID vaccines. But her view of the government’s role is chilling, and she seems drunk on power (that she didn’t even have at the time)." . . .

So let's take a look at the profit margins of one grocery chain that Kamala claims is 'price gauging'   . . ."Grocery stores are not gouging. Democrats are trying to divert blame for high prices from themselves. 

 It is a true shame that the media doesn't show a graph of what grocery store margins are instead of campaigning for these people whose goal is to make the government more powerful and to make more people dependent on the government for their survival. 

 

Kamala says her policies are about creating opportunities. The only opportunity is to create more government bureaucrats. 

They are intent on remaking (destroying) the greatest country that ever existed.

Why Price Controls Don’t Work | Insights    . . ."Why are price controls such a bad idea? They distort price signals, which are core to markets’ functioning effectively and, not unrelatedly, economic growth. Prices balance supply and demand, coordinating production and consumption. They are signals, full stop. On the demand side, when they are high and rising, they encourage more people to cut back, substitute and economize. At the same time, high and rising prices imply greater potential profit, signaling producers to boost supply—which eventually helps keep prices in check.

"But if prices can’t fluctuate freely, they don’t tell producers when they need to crank up output. Nor do they incentivize people to adjust consumption in order to help limited supply stretch further in the short term. As a result, you don’t get the changes in behavior that help stabilize prices. Heck, price controls can even cause severe shortages if prices are set near or below producers’ costs, which discourages production by destroying the profit motive—ultimately driving prices far higher still.

"Price controls aren’t hard permanent ceilings. Sometimes the caps reset periodically, causing prices to jump in blocky stair-steps, much as the UK is enduring with household energy prices under its retail price cap right now. Or, they lift, and shortages quickly drive prices much higher—potentially higher than they would otherwise have been." . . . 

This won't be good: Economically Dumb, Politically Smart - The Atlantic  ..." According to the Econ 101 model of prices and supply, when a product is in shortage, its price goes up to bring quantity demanded in line with quantity supplied. This price increase sends a signal to producers to make more stuff. If you cap prices, you get shortages. That’s because there isn’t enough of the demanded good to go around, and producers don’t have sufficient incentive to start making more of the good to meet demand in the future." . . . The rest of this article is behind a paywall, but what matters is that you know the above, TD

 I do not know if this video will make you fear Kamala Harris or - wisely - the American voter. Listen carefully for their thoughts on how Kamala might handle the economic situation; surely they have some idea of her administrative qualifications. TD