The central problem with government economic policies is that many bad economic policies are politically advantageous. Hence, politicians enact policies that many of them know don’t work just to stay in power. Price controls are bad economic policy. Democrat Presidential candidate Kamala Harris wants to empower the Federal Trade Commission to stop “food price gouging” with what would amount to price ceilings.
Price ceilings cause shortages of goods and wasteful queuing, in this case for food. Why might such a bad policy win Harris, or any candidate, votes? First, many people don’t understand economics, don’t understand why price controls are bad policy. Second, a majority or people want government to secure a supply of affordable food. Consequently, increases in food costs in recent years may be a key political issue. Recent polling data indicates that economic conditions are leading concern among likely voters.
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The Importance of Prayer: How a Christian Gold Company Stands Out by Defending Americans’ Retirement
We can quantify how people feel about food costs. The food-only Consumer Price Index correlates with the consumer confidence index. Consumers feel less confident about their economic situation when food costs rise quickly, and more confident when food price inflation is at a low rate. The Bureau of Labor Statistics breaks the food-only CPI down into two subgroups: at home food and restaurant-eat out food.
As it turns out, the costs of at home food affects consumer confidence much more consistently than do costs of eat out food (a 53% statistical fit versus a 31% fit)1.
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— Read More: mises.org
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Is Kamala Harris’ Media Blitz Exposing Her Economic Flaws?
by Liberty Nation
Vice President Kamala Harris has been under scrutiny for her campaign rhetoric since she was handed the Democratic nomination ahead of the November election. While the mainstream media has called out her penchant for missing the mark, the examples are few and far between. The Fourth Estate’s failure to push…
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New Poll Shows National Debt Concerning for Swing State Voters
by Just The News
A new poll of battleground states shows the $35 trillion rising national debt is a critical issue for voters. The swing state poll shows that nine out of 10 voters want candidates to have a plan for the rising national debt. This includes 95% of those voting for Democratic Vice…
“Line All Those Guys Up and Shoot Them”: Professor Says Men Who Don’t Support Female Candidates Should Be Massacred
by Daily Caller
(Jaryn Crouson, DCNF)—A professor at the University of Kansas (UK) told a class that men who would not vote for a female president should be lined up and shot, according to a video posted on X Wednesday. The university confirmed the professor is employed at UK and made the comment…
Democrats Insist That Transgender “Medicine” Is Essential to Military Recruitment
by Tyler O’Neil, Daily Signal
(The Daily Signal)—Several Democrats running in tight races for the U.S. House and Senate joined a larger group of Democrats in signing a letter urging Congress not to defund a measure providing experimental transgender medical interventions that’s included in a bill to fund the U.S. military. The vast majority of…
Whistleblower Warns That the Secret Service Is Trying to Hide Its “Negligence, Sloppiness, and Gross Incompetence” When Protecting Trump
by Bob Unruh, WND
(WND News Center)—There’s been a lot of open speculation about how effective the U.S. Secret Service, under the Joe Biden-Kamala Harris administration, has been in protecting President Donald Trump, who held that office from 2017-2021 and once again is a candidate. After all, that administration is the same administration that…
Three-Quarters of Americans Surveyed Can’t Pay Their Bills
by The New American
Lending Tree, the online lending marketplace, asked 2,040 American consumers in early September how they were doing. Seventy-six percent of them said that Bidenflation has made it more difficult than ever to pay their bills. Half of them said they have had to pay certain bills late in the last…
America Can’t Afford Four More Years of Governance by ‘Luxury Beliefs’
by Human Events
This Monday was the one-year anniversary of the October 7 massacre, an event which will rightly live in infamy. This is not simply because it remains the most vicious assault on Jews since the Holocaust, but rather because – sadly – it amounts to merely the prologue to a year…
New ‘Transparency’ Act Forces Small Businesses to Register Personal Data With Federal Law Enforcement
by The Federalist
The Corporate Transparency Act (CTA) is an aggressive domestic program to federally register millions of unsuspecting small business owners under the guise of an “anti-money laundering initiative.” By the end of this year, Americans will be required to hand over their small businesses’ private data — such as owners’ names…
New Research Shows America Isn’t Headed for a Recession… It’s Been in One Since 2022 and the Government Has Been Fudging the Numbers to Hide It
by Andrew Moran
(The Epoch Times)—New research by a pair of prominent economists suggests that the U.S. economy has been in a recession for the last two years after inflation adjustments are taken into account. According to Bureau of Labor Statistics data, cumulative inflation since 2019 has totaled nearly 25 percent. But inflation…
Survey Reveals Small Businesses Are More Uncertain Than Ever
by Casey Harper
(The Center Square)–American small business uncertainty hit an all-time high and optimism remains low just weeks before Election Day, according to the latest survey. The National Federation of Independent businesses on Monday released the survey, which showed small business uncertainty rose last month to the highest level ever recorded by…
