Kamala Harris's recent economic proposals ignore pressing issues like food prices, focusing instead on an impractical approach to price gouging that may backfire.
The idea of implementing price controls is laden with risks; as the Federal Reserve Bank noted, they lead to an inefficient allocation of resources.
Historical examples, such as the gas crisis of 1979, demonstrate that government-mandated price caps can create shortages and hinder supply, rather than alleviate problems.
Describing Harris's economic plan as 'populist gimmicks' overlooks its flaws; it misrepresents basic economic principles that are critical for market efficiency.
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