Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge.
From taxes to spending, Democratic presidential nominee Kamala Harris is the most left-wing major party candidate since George McGovern, who proposed a universal basic income in 1972 and went on to win a single state [Massachusetts].
But Harris’ most harebrained scheme—so far—has been price controls, where she’s to the left of McGovern, threatening to punish grocery stores for daring to charge more than their costs.
In fact, grocery stores make one to two pennies on the dollar—meaning, they have to pass along costs that come straight from the Washington money printer.
In a recent video, I mentioned how price controls have been tried many times, and each time they failed so spectacularly they were repealed—after much pain, suffering, and empty…
