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Harris's Price Gouging Ban: Economists Weigh In
Analysis of Kamala Harris's campaign proposal to ban price gouging on food, including economist opinions and potential effects.
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PoliticsLabour MarketEnergy SecurityInflationPolicyEconomicsFood
Kamala Harris's CampaignIpsosOffice Of Labor StatisticsCnnFederal Trade Commission (Ftc)Brookings InstitutionAmerican Action ForumMoody’s AnalyticsUniversity Of ChicagoYougovFederal Reserve Bank Of San FranciscoFederal Reserve Bank Of Kansas City
Kamala HarrisJoe BidenDean BakerLindsay OwensClifford WinstonJason FurmanDouglas Holtz-EakinMark ZandiMarisa DinataleElizabeth WarrenTammy BaldwinBob CaseyJan SchakowskyPatricia Conners
- How does Harris's proposal intend to enforce a price gouging ban?
- Harris's proposal would work with Congress to establish clear rules against excessive corporate profit-seeking during crises, empowering the FTC and state attorneys general to enforce penalties.
- What is Kamala Harris's campaign proposal regarding rising food prices?
- Kamala Harris's campaign promises a federal price gouging ban to tackle rising food prices, aiming to punish companies exploiting consumers and keep inflation under control.
- What are the differing viewpoints among economists on Harris's proposal?
- Economists have mixed opinions; some believe a federal ban could be effective during emergencies, while others warn of potential supply shortages and minimal impact on current food prices.
- What are the similarities and differences between Harris's proposal and existing state-level price gouging laws?
- The proposal borrows ideas from existing state-level price gouging laws, but details on thresholds and punishments are limited, leading to disagreements on its effectiveness and potential market distortions.
- What is the overall consensus among economists on the proposal's effectiveness and potential impact on current food prices?
- While voters show significant support for price gouging laws, economists are largely skeptical, believing the impact on current food prices will be minimal, and the policy may create unintended negative consequences.