Kamala Harris Claims She Will Freeze Prices to Solve Inflation: But everytime It’s Been Tried It Was a Disaster

Kamala Harris has hit on a plan that is as big a loser as she is. She wants to establish price controls. Many communist countries have tried this and the result has been extreme shortages, especially for gasoline and other oil products. Why is that you ask me? It is actually quite simple. If gas companies cannot raise their prices and the global market for oil rises, they lose money, and rather than do that, they just keep refining oil and lay off their employees.

But is price gouging the problem? Inflation has risen 20% since 2021, but to get the full picture, we must look at the producer price index over the same period:

From The BLS

The Producer Price Index for final demand declined 0.5 percent in December, seasonally 
adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.2 
percent in November and 0.4 percent in October. (See table A.) On an unadjusted basis, the 
index for final demand increased 6.2 percent in 2022 after rising 10.0 percent in 2021. 

The Producer Price Index for final demand fell 0.1 percent in December, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today. Final demand prices moved down 0.1 percent in
November and 0.4 percent in October. (See table A.) On an unadjusted basis, the index for final
demand rose 1.0 percent in 2023 after increasing 6.4 percent in 2022.

2021.....+ 10%
2022.....+6.4%
2023.....+1%

That5 brings the total to 17.4% or very close to the rate of inflation. Harris will argue about record profits. Figures don't lie but liars do figure. Let me give you an example. You pay one dollar for the gods to make a product that sells for $1.50. You made 50 cents profit or a 50% profit. Now, the cost for the goods go up to $2.00. You now sell the finished product for $3.00. You made $1.00 or a 50% profit. Your profit remains the same but you record record profits because you are selling it for more due to inflation.

Congratulations, you have just been gas lighted by Kamala Harris. She claims she will increase wages but lower the cost at the same time. Many manufacturers will close their doors rather than operate at a loss. Just look at the closure of fast food restaurants in California. Now, you have a shortage and to eat, you must go to a more expensive restaurant to eat. Does that benefit you?

From The Daily Wire

Vice President Kamala Harris was slammed on Wednesday evening after her campaign announced that she would be revealing leftist price control measures to rein in inflation.

Harris helped spark the crisis three years ago when she cast the tie-breaking vote that moved President Joe Biden’s American Rescue Plan forward in the U.S. Senate. Inflation rates skyrocketed within weeks of the bill being signed into law.

Harris is seeking to follow in Biden’s footsteps by continuing the Biden-Harris administration’s policy of blaming “corporate greed” for the pain that consumers feel when shopping — a cynical and dishonest ploy designed to take advantage of people’s emotions who do not understand the root cause of inflation.

Harris will impose “the first-ever federal ban on corporate price-gouging” on grocers, left-wing NBC News reporter Yamiche Alcindor posted on X. Harris will “impose stiff penalties in the food industry,” the campaign said.

“Kamala Harris is literally proposing price controls on food,” said RealClearPolitics senior writer Mark Hemingway. “This is literally what the Soviets did and the results will be scarcity and higher costs.”

Helen Raleigh, an immigrant from communist China, responded to Harris’ policy by writing on X: “Government-imposed price control is a terrible idea because it makes the economy worse by causing shortages. Everyone who survived socialism/communism knows this: if the store shelves are empty, it doesn’t matter how low the government claims the price of bread is.”