Perhaps this is why Democrats are recommending that the vice president refrain from discussing policy until after the election. They know what a radical she is, and that this will turn voters off.
"Vice President Kamala Harris recently announced her plan to reduce the impact of inflation by imposing price controls, ostensibly to prevent “price gouging.”
"Surprisingly, nobody seems to like the plan – including leftist media outlets, several of whom have published reports criticizing Harris’ plan while they try their darndest to make sure she wins the election in November.
"The vice president's campaign announced on Wednesday that she will enact “the first ever federal ban on price gouging on food and groceries—setting clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries.”
"Then in a Friday statement, the Harris/Walz campaign said: “Extreme consolidation in the food industry has led to higher prices that account for a large part of higher grocery bills." Economists balked at that:
Several economists have taken issue with Harris’ plan.
Some economists, however, rejected the notion of corporate power as an important cause of inflation, saying a limit on price hikes could result in shortages of goods.
Michael Jones, an economics professor at the University of Cincinnati, said a government-imposed ceiling on prices could cause stores to run out of goods in times of scarcity.
"If there's a restriction on the prices that companies can charge for products, they simply won't supply them," Jones told ABC News.
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