‘Ignore the Economists’: Dems, Liberal Media Scramble To Explain Why Kamala’s Price Control Plan Isn’t ‘Communist’

The Daily Caller cites CEI’s expert over Kamala’s price control plan

“Her idea flopped badly. They can’t just withdraw it, so they have to ‘contextualize’ it, hence the references to a pandemic or national emergency,” J.D. Foster, the former chief economist at the Office of Management and Budget and a former vice president of the Chamber of Commerce, told the Daily Caller News Foundation. “It was a dumb idea and they are stuck with it as an example of Harris’ extreme ignorance about how the economy works.”

Ryan Young, senior economist at the Competitive Enterprise Institute, agreed that Harris’ proposed federal “price gouging” ban is effectively an endorsement of price controls.

“Most voters are too young to remember Richard Nixon’s price and wage controls, but they still have the right intuition—you don’t want politicians setting prices,” Young told the DCNF. “That is why Harris’s price gouging proposals have gotten a cold reception. That is also why her partisans are trying to claim that price gouging bans aren’t really price controls. Which they are, just under a different name.”

The Harris campaign did not respond immediately to a request for comment.

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