Liberal Forum

Majik » 16 Aug 2024, 7:45 am » wrote: ↑

16 Aug 2024, 7:45 am

Preventing grocery stores from raising prices along with inflation could result in them losing money on every sale, encouraging them to leave shelves bare, as happened in Venezuela due to price controls on food. Food might end up on the black market, where it would be even more expensive. For such reasons, 73.9% of economists say that price controls are not a “useful policy option in the control of inflation.”

 As AG notes, “instead of dealing with the actual sources of inflation, the Harris plan is going to be to continue to pretend price increases are a result of price gouging in an industry with razor thin margins.”..
 

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