The best thing that can be said about Vice President Kamala Harris' price gouging is Plan The problem is, it may just be a campaign ploy. After all, the Biden-Harris administration has led the way in high inflation, so it may be time for Harris to take the reins. something About the high price. So this plan is the highlight of the campaign.

Second, the idea is so bad it is unlikely to be approved by Congress next year, even if Democrats control the 119th Congress.

For early indicators, you can look to analytics. Support campaign headline — in the mainstream media.

The New York Times, A hotbed of Harrisism, Still, it was protected“The economic argument on this issue is complicated,” the Times acknowledged, pointing to low interest rates and large budget deficits, saying, “Most economists say these forces are much larger than corporate actions in driving up prices during this period.” The article ended with a quote from Jason Furman, chairman of the Obama administration's Council of Economic Advisers: “This is not smart policy. Our best hope is that this will end up being just rhetoric, with no real substance. There is no upside, only downside.”

Washington Post, He published a scathing opinion piece that was hardly hostile towards Harris. Heading“If your opponent calls you a 'communist,' why not propose price controls? It's hard to overstate how bad Kamala Harris' price-gouging proposals are.” Columnist Katherine Rampell tried to get more details: “What are these 'bright rules,' or what criteria are used to determine whether a price or profit level is 'excessive?'” But, she lamented, “the campaign did not respond to questions I sent seeking clarification.”

For more details on the pricing plans, Rampell continued: Current Invoice The idea was coined by far-left Democratic Senator Elizabeth Warren of Massachusetts. Just four years ago, then-Senator Harris was Warren co-sponsored a similar bill.. (Related article: Alfredo Ortiz: Harris' price gouging shows she's not ready to lead)

So that's what's good about Harris' plan. Even if she wins in November, it could go away.

Now, the bad news: If President Harris were to take office, she could be a regulatory activist who describes herself as the sickle of the law. She could operate outside of Congress, and like President Barack Obama, she might have a pen and a phone. I did it 10 years ago Rushing ahead without the advice or consent of Congress.

Harris could potentially mobilize the Justice Department, the Federal Trade Commission and other powerful agencies to support her agenda. A president who insists on scapegoating others could do great damage.

Will the Supreme Court ultimately block Harris? Probably. But as we all know, the current administration Court congestion New advocates will also join in. If this kind of court expansion actually happens, it could put a stop to seditious policies and lead to harsh attacks.

Second, price controls have been proven to stifle innovation and lead to economic stagnation. Don't mistake this for the fact that government surveillance of price “gouging” is itself price manipulation.

As we all know, governments are not very competent at most things, including coordinating the running of the economy. said“If you let the federal government manage the Sahara desert, in five years there will be a shortage of sand.”

Yes, it's odd. At a time when Venezuela reminds us that statism and socialism can send rich countries down a slippery slope into poverty, and Argentina reminds us that free markets are a wealth-creating force, one of the major political parties is supporting Venezuela and not Argentina. (Related article: Biden administration's approach insufficient to resolve Venezuela's socialist dictatorship's problems: analyst)

Perhaps other parties should embrace Argentina and make the contrast clear in voters' minds on election day.

James P. Pinkerton was a former White House domestic policy advisor to Presidents Ronald Reagan and George H. W. Bush and a former Fox News contributor.

The views and opinions expressed in this commentary are those of the author and do not necessarily reflect the official position of the Daily Caller News Foundation.

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