It’s hard to exaggerate how bad this policy is.
It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food.
Supply and demand would no longer determine prices or profit levels.
Far-off Washington bureaucrats would.
The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.
At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.)
At worst, it might accidentally raise prices. ...
If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls. We already have plenty of economic gibberish . . ..
-- WaPo
https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/
Harris is 0-2.
She picked a terrible VP who is as far to the left as she is.
Now her first policy announcement is a throwback to the 5-year plans of the USSR.
Extremely inauspicious.
