1. Well.....so in the statement, there is no end-point in the Harris plan....it'd just go on and on.
2. A lot of people have noticed price controls were the way that Venezuela collapsed into crap.
3. Draw a circle within 20 miles....today, you probably have 20 grocery operations (if you are the average American).
In 2 years, inventory the situation.....at least five to seven grocery units will have closed. Profit is likely to be cited.
4. Would Costco get some kind of exemption because they aren't a regular grocery?
5. Will this only cover certain products?
6. Who is the figure running the price controls?
7. If price controls over groceries are effective....why not price controls over baseball tickets, airline trips, gas, electricity, hardware, whiskey/beer, and even income taxes?
The more I think about price controls....the less I trust the government to effectively run the program.
I remember the Price Control attempts back in the '70s, and the gas lines. I was very glad I drove a SAAB with a 3-cylinder engine that got 40 MPG.
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