It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat....If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.
The rent caps are the “ugly” part of Harris’ plan, said Lanhee Chen, director of domestic policy studies at the Hoover Institute at Stanford University and a past CNN opinion contributor who worked on campaigns for Republicans, including Utah Senator Mitt Romney.“What is effectively a federal rent-control measure … was a bad idea when President Biden proposed it a few weeks ago,” said Chen.
The pretty part? Repurposing public lands for housing. I wonder how well 'developing the national parks into cheap housing tracts' will poll?
UPDATE: The W. Post follows up its pre-speech editorial by a single author with a full-fledged editorial from its entire board condemning the Kamala plan as unserious "gimmicks."
