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Twitchy
twitchy.com
17 Aug 2024
Brett T.


NextImg: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.

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Two minutes later:

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"Price-control hysteria."

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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.