Article

2024-08-16 Economy

WaPo Opinion Piece Decrys Harris's Price Control Speech

[WaPo] How...Soviet.
... most likely template for Harris's proposal is a recent bill from Sen. Elizabeth Warren (D-Mass.). (Harris co-sponsored similar legislation with Warren in 2020, when Harris was a senator.) Warren's bill would ban any "grossly excessive price" during any "atypical disruption" of a market. Alas, no definition was provided for these terms, either; rather, the bill would empower the Federal Trade Commission to enforce bans using any metric it deems appropriate.

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.
--------------
bonus: Harris and Biden appeared together yesterday at an 'official govt' event that was really a campaign event in PG county MD (about a +40% Blue county).

Posted by Lord Garth 2024-08-16 00:00|| || Front Page|| [11142 views ] Top
File under: Tin Hat Dictators, Presidents for Life,

#1 “Democracy often works beautifully at first. But once a state extends the franchise to every warm body, be he producer or parasite, that day marks the beginning of the end of the state. For when the plebs discover that they can vote themselves bread and circuses without limit and that the productive members of the body politic cannot stop them, they will do so, until the state bleeds to death, or in its weakened condition the state succumbs to an invader—the barbarians enter Rome.”
― Robert A. Heinlein, To Sail Beyond the Sunset

Posted by Grom the Reflective 2024-08-16 02:21|| 2024-08-16 02:21|| Front Page Top

#2 Democracy always gets the blame but we are a Republic. Democracy is the rule of majority.

Posted by Dale 2024-08-16 07:22|| 2024-08-16 07:22|| Front Page Top

#3 WaPo Opinion Piece Decrys Harris's Price Control Speech

Ssshhhh, you're not suppose to let the truth of central state control and planning out, comrade.

Posted by Procopius2k 2024-08-16 07:39|| 2024-08-16 07:39|| Front Page Top

#4 ...I'd love to see DJT point out that VPOTUS is stealing a leaf from Richard Nixon's playbook.

Mike

Posted by MikeKozlowski 2024-08-16 09:04|| 2024-08-16 09:04|| Front Page Top

#5 Price controls worked so well in Venezuela.

Posted by Deacon Blues 2024-08-16 10:35|| 2024-08-16 10:35|| Front Page Top

#6 It's been two miserable years since the Biden-Harris Inflation Reduction Act. And it's worse than you think

Posted by Skidmark 2024-08-16 12:19|| 2024-08-16 12:19|| Front Page Top

19:51 trailing wife
18:31 Difar Dave
18:16 Besoeker
17:17 Gustav
17:04 Bobby
17:01 Bobby
16:57 Glolutch Tingle1702
15:37 Procopius2k
15:29 NoMoreBS
15:21 NoMoreBS
15:04 NN2N1
15:03 NN2N1
14:55 NN2N1
14:09 Grom the Affective
14:04 Super Hose
14:02 Super Hose
13:37 Procopius2k
13:35 Grom the Affective
13:34 Procopius2k
13:27 Grom the Affective
13:21 NN2N1
13:18 Grom the Affective
12:50 Remoteman
12:45 Secret Master