Vice President Kamala Harris blamed price-gouging for high food prices, though experts say Biden administration policies are to blame for the high cost of living and for inflation.
“I will work to pass the first-ever federal ban on price-gouging on food,” Harris said Friday in Raleigh, North Carolina. “My plan will include new penalties for opportunistic companies that exploit crises and break the rules, and we will support smaller food businesses that are trying to play by the rules and get ahead.”
“We will help the food industry become more competitive, because I believe competition is the lifeblood of our economy,” the Democratic presidential nominee-in-waiting continued. “More competition means lower prices for you and your families.”
But price-gouging is not the reason prices have gone up, according to EJ Antoni, a public finance economist at The…
