Summary: Vice President Kamala Harris has proposed a ban on price gouging for food and groceries, aiming to implement it within her first 100 days if elected. Critics argue that price controls could lead to food shortages and political instability, as they believe such measures are unnecessary and ineffective. Overall, the proposal is seen as a populist move that may create more problems than it solves.
Price controls on food are a really terrible idea. The best-case scenario is that the controls are ineffectual but create the legal and administrative machinery for far more harmful controls in the future. The worst-case scenario is that they cause shortages of food and groceries, leading to mass hardship, exacerbating inflation, and setting America up for increased political instability. (View Highlight)
