The Kamala Harris (So-Called) Plan
Kamala Harris runs commercials that identify her plans for the economy. The United States has experienced high inflation caused by the government printing press during the Biden-Harris years. Her solutions include a mix of scapegoating and even more federal spending.
(1) These plans include “going after price-gougers.” Harris and her handlers do not acknowledge the government printing press as the cause of inflation...
Harris has not explained what she would do to these “price-gougers.” If she provided such a detailed explanation, the obvious question would be why the administration has not already done this in the past four years...
(2) Kamala Harris has promised to crack down on landlords who charge “too much” for rent. The obvious question would be how much is too much. There are thousands of real estate markets in the United States. Each one is subject to the law of supply and demand...
Of course, she cannot acknowledge the printing press and its reign of terror Such an acknowledgment would be an indictment of her own administration, her party, and the entire mindset that looks to the federal government for more money to solve every problem. Such an acknowledgment would hinder her own efforts to spend money even more recklessly if she somehow is elected president...
(3) Harris promises to solve the problem of skyrocketing housing prices by causing the federal government to build more homes. It appears as if Harris finally recognizes the law of supply and demand by offering greater supply to bring down prices...
But causing the federal government to build houses to fight inflation would be a losing effort. The government would be entering a race to build houses before the government printing press could raise prices yet again by flooding the economy with dollars. The printing press will always win that race, because the printing press will pay for the houses that Kamala proposes to build...
Related
How Government Spending Causes Inflation, by David Lanza , American Thinker, 27 September 2024:
... Over the past 30 months, prices of all consumer goods have risen dramatically. Real estate has achieved similar highs. Prices have appeared to stabilize only after action by the Federal Reserve system to restrict the money supply. The supply of money has been the key both to inflation and to its temporary taming.
Of course, raising interest rates is not the real solution. Only the end of government printing would stop inflation...
Federal spending directly affects (creates) inflation more than that spending affects taxes. Every penny that the federal government spends places upward pressure on prices...
When the government sends money to Ukraine, your grocery, housing, and gas prices will increase...
When the government subsidizes rent or “first time home buyers,” your grocery, housing and gas prices increase. That includes rent, real estate prices, and construction costs...
Prices are now up nearly 20% since Biden took office, Yahoo, 15 May 2024.