From Price Controls to Mass Starvation – by Peter St Onge
From taxes to spending, Kamala is the most left-wing major party candidate since George McGovern — who proposed a Universal Basic Income in 1972 and went on to win a single state.
But her most hare-brained scheme — so far — has been price controls, where she’s to the left of McGovern, threatening to punish grocery stores for daring to charge more than their costs.
In fact, grocery stores make 1 to 2 pennies on the dollar. Meaning they have to pass along costs that come straight from the Washington money printer.
That means price controls would, in short, break food.
Some of the Econ 101 of price controls.