The idea of price fixing, championed by Kamala Harris, is an affront to the principles of a free market economy, undermining competition and stifling innovation. It leads to artificial manipulation of prices, harming consumers by creating shortages and reducing product quality. Such an approach empowers bureaucrats rather than entrepreneurs, dragging down economic growth. Ultimately, price fixing is a short-sighted, destructive policy that fails to address the root causes of inflation and market inefficiencies.
Well stated! She is blaming “price gouging” for the grocery inflation (New York Times). She doesn’t understand supply and demand. It’s the consumer that drives it, not so much corporate America – and, it can be argued that it’s an even split. They’re pushing for all this EV stuff – it drives fuel/oil and electric prices up – which is going to push the cost of goods up – supply is low and demands are high. It’s only when supply is high and demands are low that prices are going to drop – the goods need to move off the shelves faster. Last year, 2023, the US imported 8.51 million barrels of oil *per day* – and we’re still importing it. If the current administration didn’t throw out the “Drill, baby, drill” our economy would be in better shape than what it is.