Reported about 2 months ago
Former Obama economist Jason Furman has dismissed Vice President Kamala Harris' proposal to ban price gouging on groceries as 'nonsensical'. While Harris aims to tackle corporate greed and high food prices amidst inflation, economists argue that issues like supply chain disruptions and consumer demand shifts are more influential than corporate actions. The debate highlights the conflict between popular political proposals and economic principles, as some experts warn against stifling economic growth with price regulation.
Source: YAHOO