House Minority Leader Hakeem Jeffries (D-NY) signaled over the weekend that he supports Democratic presidential nominee Vice President Kamala Harris’ price control policies despite numerous economists warning that it would be a disaster.
Jeffries made the remarks during a Sunday interview with Jake Tapper on CNN’s “State of the Union” when asked about her plan to blame businesses for the inflation that the Biden-Harris administration caused and penalize them by implementing price controls.
Tapper said: “Jason Furman, who was the top economist for President Obama, said that her plan is not a good idea, quote, ‘The good case scenario is, price gouging is a message, not a reality. The bad case scenario is that this is a real proposal. You will end up with bigger shortages, less supply and ultimately risk higher prices and worse outcomes for consumers if you try to enforce this…
