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Politics : Formerly About Advanced Micro Devices

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To: FJB who wrote (1478899)	8/18/2024 8:18:27 PM
From: Wharf Rat	2 Recommendations Recommended By Doren Eric of 1578985

Consumer prices pushed up mostly by corporate profits, ... Fortune Jan 20, 2024 — 'Greedflation' caused more than half of last year's inflation surge, study finds, as corporate profits remain at all-time highs. -- "How about instead of price controls on grocery stores making tiny profits" How about "That's not a thing"? Why is Harris proposing to ban 'price gouging'? \| AP News Is banning price gouging like instituting price controls? During the last spike of inflation in the 1970s, both Democratic and Republican presidential administrations at times imposed price controls, which specifically limited what companies could charge for goods and services. They were widely blamed for creating shortages and long lines for gas. Some economists say Harris’ proposal would have a similar impact. “It’s a heavy-handed socialist policy that I don’t think any economist would support,” said Kevin Hassett, a former top economic adviser in the Trump White House. But Pancotti disagreed. She argued that it was closer to a consumer protection measure. Under Harris’ proposal, the government wouldn’t specify prices, but the Federal Trade Commission could investigate price spikes. “The proposal is really about protecting consumers from unscrupulous corporate actors that are trying to just rip the consumer off because they know they can,” she said.

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