Kamala Harris is set to unveil a government price fixing scheme today that's more reminiscent of a third-world regime than the United States
Nicolas Maduro would be proud of Comrade Kamala.
It's hard to overstate how disastrous of an idea it is to let D.C. bureaucrats dictate the price of groceries in cities, suburbs, and rural communities across the country — dismantling necessary supply-and-demand signals of the free market and ultimately leading to higher prices for consumers.
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Price controls have been tried — and failed — throughout history as they inevitably lead to food lines, shortages, and skyrocketing inequality among citizens.
We've seen this bad movie many times before:
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The Guardian: Price controls and scarcity force Venezuelans to turn to the black market for milk and toilet paper
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CNN: Think corporate greed is the leading cause of inflation? Think again
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Reuters: Venezuela sets new price controls, with eggs costing more than a month's wages
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The New York Times: Price controls on food are usually futile, economists warn
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World Bank Group: Price Controls Good Intentions, Bad Outcomes
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The New York Times: With Venezuelan Food Shortages, Some Blame Price Controls
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Financial Times: Mexico imposes price controls on food
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The Hill: The unnecessary revival of price controls should worry us all
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Reuters: Bahamas to introduce price controls on dozens of key food staples
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American Enterprise Institute: Food Fight and The Failure of Price Controls
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The Wall Street Journal: Russia Imposes Antihoarding, Price-Control Measures
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Associated Press: North Korea wants more control over farming amid food shortage
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The New York Times: Chávez Threatens to Jail Price Control Violators
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BBC: Food price cap will not make a difference
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CNN: France announces more food price caps, takes aim at multinational firms
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CNN: China imposes price controls to stave off inflation
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Newsweek: The High Cost of Price Controls
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Reuters: Cuban government imposes price controls as it seeks to keep lid on inflation
Even the Federal Reserve says "corporate greed" is NOT to blame for high prices.
The disastrous economic policies of Harris and Biden created the inflation problem — aided and abetted by Harris's tiebreaking votes on trillions in inflationary spending.
Of course, Harris is acting as if she hasn't been in the White House for the past 3.5 years. If lowering prices is a "day one" priority for Harris, did she forget her "day one" was 3.5 years ago? She has been lying about lowering prices for years and she's lying now as she doubles down on her socialist agenda.
The only way back to prosperity is electing President Donald J. Trump in November.
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