If you thought the economy couldn’t get worse under Joe Biden, wait ’til you get a load of what Kamala Harris has in store for it.
According to The Hill:
Vice President Harris on Friday will outline a series of economic policy proposals as part of her presidential campaign, including a call for a federal ban on corporate price-gouging.
Harris will deliver remarks in North Carolina, a battleground state in November, where her campaign said she will focus on plans to lower the cost of groceries. The vice president will say that soaring meat prices in particular have contributed to a spike in grocery bills, and she will call out corporate consolidation in the market.
Those meat hike price rises, like everything else, including the price of oil, are the direct result of government overspending and money-printing that have brought us inflation. Harris proposes to control these prices, as if any business raising prices is “greedy,” cracking down on what the Bolsheviks used to call “hoarders and wreckers.”
But inflation and the interest rate hikes used to control it, hit every aspect of the economy, not just groceries, from rents to housing stock, to medical care, to credit card rates, to consumer goods. And they are all the function of too much money chasing too few goods, which is why prices go up.
On everything, everywhere. Inflation, as Milton Friedman has stated, is always and everywhere a monetary phenomenon.
You get rid of inflation the way President Javier Milei of Argentina did, by stopping the government spending.
But Kamala Harris is unlikely to know where Argentina is, let alone learn from its experiences, both good and bad, and the rest of her economic plan is to spend trillions more on child care.
Eat your heart out, Evita, Kamala is getting out the government credit card, and stealing the jewels off the necks of the theatre-goers.
Her basic idea, though, is lifted straight out of the book of Lenin.
Kamala Harris has proposed a sweeping price controls, supposedly to cut inflation at the grocery stores. The inflation wracking the rest of the economy, from housing prices, to medical care, to credit card interest rates, would not be addressed, just groceries would, but who’s to say she won’t solve those problems the same way?
Hellbound and Down 