by George Leef
National Review
One of the very few pronouncements about policy by Kamala Harris was that she thinks the way to stop the inflation of prices for food (and presumably, other necessities) is federal price controls — empowering officials to go after companies that they deem guilty of price-gouging. The anti-market Left loved it.
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Economists, however, understand that inflation is not caused by greed. In this AIER article, David Rose explains the truth to anyone willing to listen. Greed — the desire to maximize gains in business — is a constant. It cannot explain why prices sometimes surge and at other times remain level or even fall. Economists of all persuasions understand that. And Kamala Harris has some economics background. Does she believe the “greed” theory?