Dave Ramsey: This will NOT work

Personal finance expert Dave Ramsey reveals why price controls are not sustainable on 'The Ingraham Angle.'

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[meestirbig]

Remember Reagan: "Government is NOT the solution, Government IS the problem". He also said: "the worst 9 words in the world are: "I'm from the government and I'm here to help".

[lignow]

Benjamin Franklin -"Justice will not be served until those who are unaffected are as outraged as those who are."

[real-ishstraighttruthnocha]

As a finance & economics graduate and a financial analyst, and I'll bet my butt that price controls is a policy of socialism. We tried price controls in the 1970's and they failed like Dave said.
USSR and Venezuela tried that too. How'd it work out for them?
Literally this will cause the New Great Depression by 2030. I wrote a paper about this in one of final classes and my professor (who is an economist) agreed 100%. It was one of the best papers I ever wrote.

[BluePineTree-]

My recollection: When Biden shut down the keystone pipeline in the beginning of his administration, a project Trump approved, energy prices started to rise, and we began to be more reliant on other countries for their oil. Biden/Harris' way is not sustainable. Also, this idea of clean energy: Build the system first before shutting down pipelines. Why should the majority have to suffer? The current administration put the cart before the horse first. Their project planning is horrendous.

[reedsawyer]

Dave is absolutely right. Price controls do NOT work.

[peterkawa]

Price controls omg 😂 Kamala has lost it

[markanderson]

I tried posting this on a Facebook page but Facebook wouldn't let me do it, saying this went against Facebook's "Community Standards"!

Another very informative example of Facebook censorship.

[bradhuffjr]

She talks to the public like they are dumb because most of them are.

[vickieclark]

Yep. Anyone that knows anything about economics would NOT vote for Harris. All of these people that are living paycheck to paycheck and are concerned about being homeless and are planning on voting for Harris, I have no sympathy for you. You are voting for your own demise. And YOU are part of the problem.

[jameskirk]

Keep voting for Dems, and this inflation will stay high.

[JJ-bfdx]

Same people who complained about Trump wanted him out of office. Now they are crying.

[BrandonMcClanahan]

I lost my job last week due to lack of work. Companies are going under because they can’t make money. We went from 100s of employees to less than a 100 within 2 months and I was let go. Soul crushed. Having to change my whole life.

[VIPER-gess]

Common sense thinking. This is reality.

[patjager]

Voting for joe and kamala was the biggest mistake America ever made! Let's not do it again!😊😊

[jamesbrent]

Nixon tried wage and price controls but gave up on it. There were too many exceptions and work arounds. Dave is spot on.

[agelualofa]

This was the exact reason why I said previously, when Trump was president, life was actually cheaper. Goods, products were actually cheaper. I actually had a bit more money to save, to take my children places and put more clothes on them and I could afford to put a shelter over their heads. Why would anyone in their right mind vote for a democrat yet Trump helped all of us struggling parents and children?

[shellyscott]

The government just cut my friend's disability down from 900 to 600 because she was living with somebody!?!?!! People have to live together nowadays just to make it!!

[guyelluzzi]

Yeah, I was a teen in the 70's, and remember them well. Not a great time for this country economically. Not anxious to repeat that with runaway inflation, price controls and embargoes. Let the free market reign.

[DaudGarza]

Years ago my government and economics teacher in high school wrote on the top of his white board: Economics + Government = Bad Idea
He said if you remember anything from my class remember that. Decades later he still proves to be right.

[AntisocialRedNeckNerd]

I worked at a locally owned grocery story in Austin, Texas when I was in high school. A few blocks away was a Safeway store. During my time working in this locally owned store, the Nixon administration implemented price controls on beef. The pricing resulted in the cost of the product being higher that the price that stores could charge. The owner of our store was also a rancher. He had his cattle taken to the processing center and paid for the processing. Our store had a counter full of beef. The demand was so high, I was sent to the market to help. The manager of the Safeway came to our store and purchased a shopping cart full of meat for his family. I was surprised to see him in our store. When I got off work, I drove to the Safeway. The store had a far bigger meat counter the our store had but it was mostly empty. There was a small section of tongue, other wise no meat. No beef, chicken or pork. Nixon soon reversed the policy but I saw first hand that government price controls result in shortages and do not help. We need less government involvement, not more.