Kamala Harris's Proposal on Price Controls

Kamala Harris has proposed implementing price controls as a measure to combat rising consumer prices and inflation in the U.S. Her plan suggests making it illegal for businesses to increase prices, framing this approach as a way to protect the average consumer from exploitative practices. While the initiative aims to address inflation, it neglects the historical evidence that price controls have consistently led to negative economic outcomes, such as shortages and increased prices in the long run. Critics argue that the proposal resembles socialist policies, emphasizing that such controls ultimately disrupt market mechanisms that allocate resources efficiently.