In an editorial, the Washington Post — which has for decades endorsed Democrats for the presidency — said that Harris had “instead of delivering a substantial plan, squandered the moment on populist gimmicks”.
Jason Furman, who chaired the Council of Economic Advisers in Barack Obama’s White House, told the New York Times that price-gouging measures were “not sensible policy” and could hit supply.
“I think the biggest hope is it ends up being a lot of rhetoric and not reality. There’s no upside here, and there is some downside,” he said.
Harvard economics professor Kenneth Rogoff told CNN he did not think corporate price gouging had “all that much to do” with inflation. “I hope she walks this one back, she had some good ideas, some mixed ideas.
This was a horrible idea,” he said.
Illinois governor JB Pritzker appeared on CNN, saying “you’ve heard corporations talk about how they raised prices even above what the inflationary amount would be . . . so I think it’s not unreasonable for [Harris] to say that the federal government should do what many states have already done, which is focus on price gouging”
.Here are the top political news stories for today.
@DoughnutMikeSocialist2yrs2Y
The dismal science has failed to come to terms with what everyday shoppers vividly see when they visit the grocery store. Many if not most economists don't seem to understand that price gouging is real and contributes to inflation. They stick to the belief that any price is a perfect reflection of free market capitalism. They offer no answers or helpful suggestions. Fixing gouging is a very difficult problem as history shows. Perhaps the most effective way is for politicians to use the "bully pulpit" to shine the light on price gougers and embarrass companies that use inflation as a cover for their actions. The answer is not to sweep it under the rug and pretend it doesn't exist. Harris is correct to focus on the issue.
The original cause of inflation is Governments overspending and piling up debt, and then they put pressure on Central Banks to lower interest rates so that they can continue spending by monetizing this debt.Look no further, business owners were no more or less selfish now than when inflation was inexistent for the past decade.It is not capitalism and free markets that brings inflation.It is fiscal and monetary policies.But of course politicians don't want to assume the blame.
I’m yet to be convinced that Russia invading Europe comes under the banner of monetary policy, but it did lead to inflation. The response to COVID was an inflationary monetary policy, but it was a response, not a plan. Sometimes stuff happens - it causes inflation - but I’m just not sure we can pin it all The Politicians
In the UK the interesting manifesto pledges make it into the media and are debated. It should be more based on policy, but certainly there was some policy discussion in the UK 2024 election. Hence Starmer was not “policy free and purely vibes based“.
@FabulousUrchinDemocrat2yrs2Y
Media turning away from kamala as soon as she acted autonomously. And as for the commentators, can we really call ourselves democratic if every election is policy free and purely vibes based?
@PitifulDeerForward2yrs2Y
Clowns to the left of me. Jokers to the right. Here I am, stuck in the middle with you.
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
