Dad Saves America | Kamala Harris Is Promising Price Controls. Didn’t We Learn Our Lesson 50 Years Ago? @DadSavesAmerica | Uploaded August 2024 | Updated October 2024, 1 hour ago.
Vice president and Democratic presidential nominee Kamala Harris recently announced her plan to bring down grocery costs using price controls. As with many historic moments in recent years, this move is another strange echo of the late ‘60s and early ‘70s. Richard Nixon infamously implemented blanket price controls to address inflation, and when supplies faltered, long lines and shortages ensued. The resurrection of this economic zombie is a concerning move, especially to an economics nerd like me. I also happened to learn a thing or two about the American food system while producing “At the Fork,” a documentary on animal farming. The concept of “price gouging” is itself an incoherent rejection of the entire theory of supply and demand, and that’s especially true in the food market. Unfortunately, our policymakers have long treated America’s wealth of talent, productivity, and natural resources like trust fund kids. The money hasn’t run out, and it won’t for a long time, but eventually, we’ll have to wake up and bring back economic sanity.
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Our Website: dadsavesamerica.com
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Dad Saves America is a channel dedicated to celebrating heroic fatherhood while teaching the next generation of fathers strategies they can utilize in parenting their children. We believe strong children come from a strong family. We’ve had many experts in the studio, including Jonathan Haidt, Dr. Drew Pinsky, Troy Kotsur, John Mackey, Ben Askren, and Adam Carolla.
#inflation #kamalaharris #economics
Vice president and Democratic presidential nominee Kamala Harris recently announced her plan to bring down grocery costs using price controls. As with many historic moments in recent years, this move is another strange echo of the late ‘60s and early ‘70s. Richard Nixon infamously implemented blanket price controls to address inflation, and when supplies faltered, long lines and shortages ensued. The resurrection of this economic zombie is a concerning move, especially to an economics nerd like me. I also happened to learn a thing or two about the American food system while producing “At the Fork,” a documentary on animal farming. The concept of “price gouging” is itself an incoherent rejection of the entire theory of supply and demand, and that’s especially true in the food market. Unfortunately, our policymakers have long treated America’s wealth of talent, productivity, and natural resources like trust fund kids. The money hasn’t run out, and it won’t for a long time, but eventually, we’ll have to wake up and bring back economic sanity.
Subscribe and ring the notification bell so you don’t miss a single video!
Follow Dad Saves America on Substack: dadsavesamerica.substack.com
Subscribe to the podcast: dadsavesamerica.com/podcast
Make a tax-deductible donation to Dad Saves America: secure.anedot.com/emergent-order-foundation/dad-website?
_____________________________________
Our Website: dadsavesamerica.com
_____________________________________
Dad Saves America is a channel dedicated to celebrating heroic fatherhood while teaching the next generation of fathers strategies they can utilize in parenting their children. We believe strong children come from a strong family. We’ve had many experts in the studio, including Jonathan Haidt, Dr. Drew Pinsky, Troy Kotsur, John Mackey, Ben Askren, and Adam Carolla.
#inflation #kamalaharris #economics
