Harris' price gouging proposal is a 'common sense' set of policies: Groundwork’s Lindsay Owens

Stephen Moore, Trump economic advisor and The Heritage Foundation senior visiting fellow, and Lindsay Owens, Groundwork Collaborative executive director, join 'Squawk Box' to discuss the rollout of Kamala Harris' economic agenda, Harris' price control plans and price gouging ban, and more.

[EricaWaters-lrzw]

Man, this upcoming election between Harris and Trump is going to shake things up big time. It's crazy how it could mess with our finances.

[katharinagoodrow]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio., ...

[Alexibawendi]

From $10K to $25k that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family

[pjdelucala]

If prices go up across the board, then it is not price gouging. When the Fed prints money, it puts upward pressure on prices on products and services. In 2020, the Fed printed 5.5 trillion dollars and swapped them with new bonds from the Treasury. Then that money was sent to consumers and businesses. It is so simple.

[bobp]

As one who lived thru “price controls” in the past, IT DOESN’T WORK”. History proves it

[MHolt-ty]

We will own nothing yes be happy? It is the great reset we are getting.

[marlonestrella]

I have seen this before in my home country when Ferdanan Marcos was president. Price control is just eupahmism for absolute control over production, distribution, and exchange. When markets start to dry up because the government says you can not make profit over the goods you sell, and the companies say we can't operate at a net loss, they will stop production. Then, the following occurs
- mass shortage on supply
- hording as many will start buying up the little resources left
Black markets start to flurish, get ready for $40 loaf of bread
- When the supply completely runs out, the government will then start making goodz (kamala said she will snatch patents away)
Get ready for government cheese
- then The rationing (in the Philippines, we had to stand in line just to get a small bag of rice and a bag of fish. If you are lucky, you might get 1 can of spam)

Meanwhile, the rich and elites get the best beef and chicken, the best luxury has to offer. You know what the Filipinos did to marcos? They fought a revolution to overthrow him and Exile him and his wife... you Westerners better learn from our socialism /communism is just a facad. It judt a method of control disguised as a trojan horse, making YOU believe that the government is there to keep you safe....

[davidshechtman]

If you elect me I will fix the problems once I get into office - says the woman in office

[rotorheadv]

Common sense? This has failed horribly every time and every where is has been tried.

[trailguy]

Kamala has to take questions so we can hear her answers and not the answers of people like this woman who want to tell us what Kamala meant. If a farmer can only sell a steer at 5.00 a pound and at that price a grocery store can only make profit selling hamburger meat and steaks at certain prices, why would Kamala be able to pick a better price? She can’t. It would cause massive waste, shortages and job losses, like price controls always do. Trump made 5.00 pints of water illegal after hurricanes, this is very different.

[solarchos]

NO IT'S NOT. Because increasing government regulation and control over the free market NEVER goes well.

[Mostly_bad]

How about the ftc do its job? Don’t allow all of the chicken producers to merge? Or pork and beef producers?

[robertlafferty]

Stores are not the blame gas goes up prices go up duh how dumb they think we are

[Ryanlostbrokenarrow]

So you finally give trump the credit for lowering prescription drug costs..

The difference is, those were monopolistic companies that the government gives billions to, and the government covers the liability of...

Big difference.

[rags]

The food industry’s margins are one of the lowest of all businesses.

[Jordan-pnfy]

We aren’t dealing with price gouging, we are dealing with government overspending. Kamala is the PROBLEM not the solution

[Midwesterner]

Kamala Harris didn't even say the term correctly, like she didn't know what the concept was referring to. She said 'price gauging" which would mean 'price measuring', when the actual term is 'price gouging' (referring to increasing prices beyond fair levels). People just choose to ignore this stuff, but it shows that Harris isn't familiar with anything she is talking about.

[tomrizzo]

Prices are high because of government spending and high a oil prices

[crqtxcj]

POLICIES FOR WHAT " COMMUNISM " VOTE NO !!!

[Mortvent]

When you say you can't charge more than X for a product. The moment the cost of producing it rises up to the point you can't profit or even make it for that price. They will shut down production of that product... and often lay off workers, or even close the company/farm

So sure you will not have whatever for more than X... but you also will not have the product either because they can't afford to make it and pay their bills. And that applies to food production.

So when you vote her in and it goes through and food becomes scarce because farms can't afford to grow or produce the crops, blame the idiots who implemented price controls and those who voted them in.