CNN just had their economic analyst on and she completely destroyed the proposal by Kamala Harris to implement price controls.
Catherine Rampell, a CNN Economic and Political Commentator, told CNN:
“It also wold be very bad for markets. We‘ve seen this kind of thing tried in lots of other countries before, Venezuela, Argentina, the Soviet Union, etc. It leads to shortages, it leads to black markets…plenty of uncertainty.
…It’s really hard for me to imagine any form of legislation that preserves the spirit of what [Kamala] is proposing…it would at best do nothing, at worst cause a lot of harm.”
Watch the full clip below:
🚨🚨🚨 MUST WATCH 🚨🚨🚨
CNN just DESTROYED Kamala Harris' economic agenda.
"We‘ve seen this kind of thing tried in lots of other countries before. Venezuela, Argentina, the Soviet Union…it leads to shortages" and would "cause a lot of harm." pic.twitter.com/pFEMYDjpN0
— House Republicans (@HouseGOP) August 16, 2024