Paul Krugman Looks at the Kamala Harris Price-Control Hysteria in Perspective

On Friday, Democratic presidential candidate laid out her economic policy proposals, such as a ban on price-gouging and tougher penalties for big corporations trying to make a quick buck. Her suggestion of price controls immediately set off alarm bells — we’ve seen how well they’ve worked in Venezuela. Even the Washington Post editorial board said, “It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.” Even CNN destroyed Harris’ economic agenda, saying it would do great harm.

We wondered how long it would take for Nobel Prize-winning economist and New York Times columnist Paul Krugman to weigh in.

Two minutes later:

“Price-control hysteria.”

Harris’ gouging proposal looks like mild communism. Not even the mainstream media can defend it. It will be interesting to see Krugman try to defend it in Sunday’s New York Times.

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