Posted inFinance

BLOOM: Harris’s Price Controls Ignore Basic Economics

Vice President Kamala Harris wants to make groceries cheaper. However, her vague proposal to ban “price gouging” will have the opposite effect. Economists, not known for consensus, agree on one thing: Price controls don’t work. By mandating price ceilings, government price controls always lead to shortages. And this isn’t some abstract economic theory; instead, it’s a real-world […]