Once again, Democrats are pushing their misguided economic agendas on hardworking Americans! In a recent episode of CNBC’s Squawk Box, host Joe Kernen took on Senator Elizabeth Warren over Vice President Kamala Harris’s latest disastrous proposal: federal price controls on food and groceries. This harebrained scheme smacks of socialist overreach and threatens to dismantle our free-market system under the guise of protecting consumers.
The spark for this debate was Vice President Kamala Harris’s proposal aimed at curbing price gouging in the food industry. Her plan seeks to ban the practice of artificially inflating prices, a move designed to protect consumers from soaring costs. The proposal (better known as communism) has drawn criticism from economists who argue that price controls often fail to achieve their intended effect. Historically, such measures have been seen as counterproductive, leading to shortages or even higher prices, as seen in other countries where similar policies have been implemented.
Kernen rightly pointed out that grocery stores typically operate on razor-thin profit margins, making these draconian price controls not only impractical but downright harmful. By highlighting examples like Cal-Maine—a major egg producer—he demonstrated how market forces naturally regulate prices better than any heavy-handed government mandate ever could.
Meanwhile, Senator Elizabeth Warren stubbornly defended this ill-conceived plan alongside Kamala Harris’s economic advisor Bharat Rama. Despite Kernen’s logical arguments and eye-roll-worthy moments that clearly showcased his frustration with their flawed reasoning, Rama remained unfazed by reality.
Kernen went to bat again in another interview with Kamala’s economic advisor, Bharat Rama. He actually rolled his eyes and laughed right in Rama’s face about the idea of price controls while Rama just sat there in silence.
The dude had nothing to say, and got laughed right out of his interview.
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