Erick-Woods Erickson
Many people are surprised about the hyper-progressive economic agenda that Kamala Harris put forth for her first 100 days in office. I am not. Kamala Harris and Tim Walz want to work with Congress to implement price controls on groceries while offering first-time homebuyers up to $25K in down payment assistance.
This economic agenda was so outrageous that it earned a rebuke from mainstream outlets and left-of-center pundits. If you read my Show Notes, you saw that economists at The New York Times dismissed her hypotheses on grocery prices, and The Washington Post ran a headline titled, ‘When your opponent calls you ‘communist,’ maybe don’t propose price controls?’
The widespread blowback is because the Harris-Walz campaign has forgotten the basics of what works. Only your hyper-progressive and uber-partisan economists are willing to ignore thousands of years of economic data that patently claims that price controls and subsidies A) don’t work and B) create perverse market forces that ultimately create larger problems.
But I am not surprised because this is a duo who has never held a private sector job. Aside from Harris’s stint as a McDonald’s employee, Kamala Harris and Tim Walz leeched off of the government their entire lives. Heck, Tim Walz’s financial records indicate this is a man who is quite likely financially illiterate. This is the policy agenda of progressive ideologues void of any real-world experience.