Harris' price control proposal risks validating 'communist' label, says liberal Washington Post columnist
Fox News
Washington Post columnist Catherine Rampell criticized Vice President Harris' proposal to implement federal price controls in order to stop “price gouging."
The Harris campaign announced on Wednesday that she would institute a "federal ban on price gouging on food and groceries" as president in an attempt to stop "big corporations" from taking advantage of consumers. Jeffrey Clark is an associate editor for Fox News Digital. He has previously served as a speechwriter for a cabinet secretary and as a Fulbright teacher in South Korea. Jeffrey graduated from the University of Iowa in 2019 with a degree in English and History.
Story tips can be sent to jeffrey.clark@fox.com.
"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," Rampell wrote. "(There’s a reason narrower ‘price gouging’ laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices."
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