Kamala Harris is wrong about price controls

Published: 27 August 2024
on channel: ReasonTV
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Kamala Harris says that, as president, she would pass “the first-ever federal ban on price gouging on food,” which would include penalties for businesses that break the rules.

Price controls might sound like a good idea, but here’s the truth: When prices can’t rise and fall naturally as a function of supply and demand, all sorts of bad things tend to happen. #history #historyfacts #economics #economy