Government intervention caused inflation, and it threatens to make matters worse.
by J.D. Tuccille
Reason.com
When you’ve caused a problem, deflect! At least, that seems to be the strategy of Vice President and Democratic presidential candidate Kamala Harris, who spent the last several years as part of an administration that presided over a growing mismatch between Americans’ pay and the cost of living. Rather than take responsibility for the decline of the dollar’s purchasing power, she blames businesses that were forced to raise prices as a result. And she wants to fix the problem she helped cause by restricting those prices, never mind the inevitable consequences for the availability of goods and services.
Wait, I Thought This Was an Economy To Be Proud Of?
First though, let’s journey back to 2023 when Harris claimed to be proud of the state of the economy.