Harris’s Failed Policies Spiked Inflation: Her Solution? Use More Failed Policies to Further Burden Your Life — 6 Crucial Insights on Price Controls, Government Intervention, Fantasy Economics

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Inflation Harris Failed

Food Prices are too high.

Everyone knows it. Everyone is suffering from it.

Food prices have risen 20-40% (on average) since Biden/Harris took office, and their massive government spending has spiked inflation.

So, what’s the solution?

And why would Kamala’s radical socialist solution make things worse, not better?

Here are 6 things you should know about Kamala’s disastrous economic plan…

1) Kamala has called for food price controls

Kamala says food prices are high because of “greedy” food producers and grocery stores are “price gouging.”

So, what’s her solution?

Big government and more regulations, of course…

Harris plans to grant the federal government expansive new authority to control food and grocery prices.

According to the Harris campaign, the “first-ever federal ban on price gouging on food and groceries” will be implemented within her first 100 days as president to “bring down Americans’ grocery costs and keep inflation in check.”

This is pure deception.

Food prices have skyrocketed because of government policies and overspending. Not because of “greedy businessmen.”

2) What will happen if she wins?

Here’s Harris’ plan:

Harris said she would “authorize the Federal Trade Commission and state attorneys general to impose harsh penalties on companies that flout the proposed order and provide “resources for the federal government to identity price-fixing and other anti-competitive practices in the food and grocery industries.”

“There’s no upside to Vice President Kamala Harris’ Soviet-style plan to federally set grocery prices,” said Brian Riedl, a senior economic fellow at the conservative Manhattan Institute. “Is the federal government going to come up with a Soviet-style menu of what grocery stores can charge without being punished by the state? Who exactly is going to decide what a fair price is for eggs or bread or cereal?”

This will cause even greater inflation, food shortages, business failures, and an economic collapse worse than the Great Depression in the 1930s.

3) What really causes food and everything else to rise?

Several factors drive up the costs of goods—The number one cause is inflation (caused by government overspending), followed by:

  • High energy costs (caused by Biden/Harris “green policies)
  • Tariffs on American goods by other nations
  • Labor costs

Simply put, government policies, taxes, and regulations are a major cause of inflation and price rises.

Denying the cause of inflation and implementing higher tax penalties and more burdensome regulations to combat high prices, which the government caused in the first place, will only destroy markets further, creating shortages and causing businesses to fail.

History shows that price controls lead to shortages, misallocations of capital, black markets, and empty shelves.

4) U.S. price controls in the past have failed

Back in 1971, President Richard Nixon shocked the entire nation that had been suffering from inflation caused by his massive government spending on war and welfare programs.

He instituted wage and price controls as a “temporary” 90-day freeze on prices, wages, and rents.

America has always been a free nation with a free market economy.

Price controls were never used except in war. These were the first price and wage controls. They were sold as a “temporary” 90-day freeze, much like the COVID shutdown. But when the 90 days were over, they didn’t stop.

Prices were then governed by bureaucrats who knew nothing about running a business or the free market—it was called a “Price Commission” and “Pay Board.”

This helped Nixon win the 1972 election, but it did not help the economy.

It destroyed businesses…

It did nothing to stop inflation…

It crushed energy production and distribution, causing fuel shortages.

For business owners, they found that it was no longer profitable to create new products, distribute current products, or do anything with old products because the cost was too prohibitive.

It created shortages… And that’s why shortages happen every time there are price controls.

Price controls create shortages and black markets, where illegal activities are conducted en masse.

So, what happened to inflation?

Nixon imposed price controls when inflation was at 3.8% in 1972. In 1973, inflation was at 8.8%. In 1974, inflation was at 12.2%.

Having started a business in those early years, I saw the devastation among small companies.

With inflation and price controls in mind, eggs and chicken suddenly started to disappear. Feeding and maintaining them was getting too expensive, and farmers had no choice but to kill millions of chicks because raising and selling them wasn’t profitable, creating a shortage.

The same outcome happened to beef, pork, milk, fish, etc…. Indeed, news headlines talked about how cows were butchered.

What did all this lead to?

This eventually led to stagflation and a rise in inflation.

Price controls were popular. The stock market went up, and the NY Times praised Nixon, saying it was so good that he was trying to do something to stop the “greedy” corporate interests from raising prices… But it didn’t work, and it never has.

Suppressing prices is a socialist policy. It’s failed in every socialist country it’s been tried in, including:

  • Cuba
  • Communist China
  • Korea
  • Nazi Germany

Most people thought Nixon “cared” about them and was their “friend,” but he created more harm than good.

5) Price controls worldwide have failed

Price controls have failed in many places around the world— In fact, they have a history of failure.

Here are some examples of price controls gone wrong:

  • Ancient Rome: Grain price controls caused farmers to stop working.
  • Antwerp Belgium (16th century): Price controls led to food supplies running out.
  • World War II: Price controls led to extensive rationing and black markets.
  • Venezuela: Price controls in Venezuela have led to shortages of many items, including toilet paper and meat. When price controls were relaxed, Venezuela experienced hyperinflation and mass hunger.
  • Zimbabwe: Price controls in Zimbabwe were accompanied by widespread goods shortages, partly due to monetary policy.
  • In the Soviet Union and in Russia today, the prices of most goods, materials, and services are controlled under central planning and the central allocation of resources. Several agencies at each level of government “contract” prices, negotiated by organizations within the administrative state, and set limits on prices by “non-state” enterprises [heads of industries], leading to corruption and favoritism.
  • In China, the Communist government imposes strict price controls on a wide range of industries, causing inflation to skyrocket. Food production is down, while food prices are increasing by 17.6% from last year. Energy prices are going through the roof because price controls prevent refiners from passing on high world crude oil prices. So many refiners cut back their gasoline and diesel output, resulting in gas shortages.

6) What can really bring down food prices?

The solution is:

  • Stop overspending
  • Reduce regulations
  • Lower energy costs

That’s similar to what Trump is saying:

  • Implement new tax-cutting measures, including eliminating taxes on service workers’ tips and ending taxes on Social Security for seniors.
  • Slash Americans’ energy prices in half by making America Energy Independent—“Drill, baby drill.”
  • Reduce government spending and the size of the government
  • Get rid of burdensome regulations
  • And implementing tariffs of up to 20% on imported goods

“What Biden [and Harris] have done to the economy is so horrible. And what he’s done to inflation and our country is just very destructive,” Trump said.

Kamala Harris’ economic policies are a clear example of the dangers of government overreach and a radical socialist agenda.

Her plan to control food prices through federal intervention is not only misguided but has historically proven to be disastrous.

The path forward is clear: we must return to a free-market approach that empowers businesses, reduces government interference, and unleashes American energy.

Only then can we truly bring down prices and restore economic prosperity.

The American people deserve better than the empty promises and destructive policies of Kamala Harris.

Action Steps:

1) Pray for our country.

2) Volunteer, donate (money/time), and vote to replace these radicals in Congress, the Senate, and the Presidency.

3) Order my new book, The Great Deception: 10 Shocking Dangers and the Blueprint for Rescuing the American Dream

Chapter 3: Danger #2: The Growing Economic Crisis: 7 Misunderstood Problems That Are Crippling Our Economy delves into the heart of the economic storm that threatens the very foundation of the American Dream.

Chapter 3 exposes the seven misunderstood problems crippling our economy, a searing exploration of the perilous path we tread due to economic mismanagement by radical ideological socialist politicians and bureaucrats.

Unchecked government spending is pushing the nation to the brink of economic collapse. The looming specter of inflation, deficits, and soaring debt threatens to shatter the stability we once took for granted. The radical socialists, in their pursuit of misguided policies, are inadvertently devaluing the very currency that forms the backbone of our economic strength.

The Great Deception: 10 Shocking Dangers and the Blueprint for Rescuing the American Dream exposes lies, myths, and distortions from the media and politicians.

It gives you answers and solutions to turning America around…

It allows you to share these dangers and a solution to cutting through the deception with friends and family.

It exposes under-the-radar and little-known behind-the-scenes reasons America is falling backward and how to make it move again.

Click here to get The Great Deception by Craig Huey

You can order the book on Amazon HERE.

You can also get the audiobook version HERE.

You can also get an autographed edition online HERE or by phone at 615-814-6633 (M-F, 10 am to 3 pm)

You can also send a check for $26.13 (including shipping) payable to Media Specialists and send it to this address:

Media Specialists

1313 4th Ave N

Nashville, TN 37208

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