A Democrat assessment of Harris’s economic plan

[TheGunner]

"This is not sensible policy” …Former Obama administration economist Jason Furman on Friday slammed Democratic presidential nominee Kamala Harris’s price control scheme

'There's No Upside': Obama Economic Adviser Trashes Harris's Price Control Scheme

Former Obama administration economist Jason Furman on Friday slammed Democratic presidential nominee Kamala Harris’s price control scheme as having “no upside.”

freebeacon.com

 

[TheGunner]

SF Fed….”Corporate greed not to blame for price pressures”. Contrary to what VP Harris promotes and is supposedly behind her key policy on price gouging.

https://www.reuters.com/markets/us/corporate-greed-not-blame-price-pressures-fed-study-shows-2024-05-13/

 

[BNIBoiler]

They are wrong. Corporate greed like I always said. Companies feel the need to charge more when the demand is high.

What Causes Inflation? How It's Measured and How to Protect Against It

In this article, we examine the fundamental factors behind inflation, different types of inflation, and who benefits from it.

www.investopedia.com

 

[TheGunner]

They are wrong. Corporate greed like I always said. Companies feel the need to charge more when the demand is high.

What Causes Inflation? How It's Measured and How to Protect Against It

In this article, we examine the fundamental factors behind inflation, different types of inflation, and who benefits from it.

www.investopedia.com

Please site where this is stated in the article. When demand is high, manufacturers can add to pricing and ask workers to work overtime and pass the costs on to consumers, but it’s the demand for the products that drive pricing not greed.

So when toilet paper demand increases are stores and manufacturers supposed to just leave the shelves bare? No. Kroger. Walmart and Meijer order more. The suppliers add shifts or at some point work OT make the toilet paper and thus costs go up.

But I’m sure you are right and the SF Fed is wrong.

Even Obama’s economic advisor says you’re wrong.

 

[New Pal Boiler]

They are wrong. Corporate greed like I always said. Companies feel the need to charge more when the demand is high.

What Causes Inflation? How It's Measured and How to Protect Against It

In this article, we examine the fundamental factors behind inflation, different types of inflation, and who benefits from it.

www.investopedia.com

LOL. Did you actually read this ?

“Historically, governments have also implemented measures like price controls to cap costs for specific goods, with limited success.”

 

[BNIBoiler]

Please site where this is stated in the article. When demand is high, manufacturers can add to pricing and ask workers to work overtime and pass the costs on to consumers, but it’s the demand for the products that drive pricing not greed.

So when toilet paper demand increases are stores and manufacturers supposed to just leave the shelves bare? No. Kroger. Walmart and Meijer order more. The suppliers add shifts or at some point work OT make the toilet paper and thus costs go up.

But I’m sure you are right and the SF Fed is wrong.

Even Obama’s economic advisor says you’re wrong.

The part where they pass the increase to the consumers. They don’t have to that.

 

[TheGunner]

The part where they pass the increase to the consumers. They don’t have to that.

So do you believe companies are making more profit and gouging consumers or are you saying companies should take accept less profit when costs increase?

If you believe the latter part of my question, (aka accept less profit)…that’s why companies go bankrupt.

 

[TopSecretBoiler]

Someone failed econ 101. Or likely never took it.

 

[Boiler Buck]

Someone failed econ 101. Or likely never took it.

Yep, got several laughs from the thread. When you show you don't understand, but speak as you do, well to me that's just hilarious.

 

[BNIBoiler]

So do you believe companies are making more profit and gouging consumers or are you saying companies should take accept less profit when costs increase?

If you believe the latter part of my question, (aka accept less profit)…that’s why companies go bankrupt.

Companies are making more profit and gouging consumers.

 

[TheGunner]

Companies are making more profit and gouging consumers.

So the SF Fed is wrong…got it.

Thanks Mr Misinformation

 

[New Pal Boiler]

The part where they pass the increase to the consumers. They don’t have to that.

I’m hoping you’re just trolling, and not actually this ignorant. And that you didn’t somehow pass an Econ class at Purdue.

Do you realize that profit margins in the grocery business (on food) are 1-2% ?


Do you realize that Nixon tried price controls in the early 1970s?

Any comment here @BNIBoiler ?

 

[TheGunner]

Another useful debate with liberals.

 

[TwinDegrees2]

Companies are making more profit and gouging consumers.

Okay, let's try this one more time.... using farmers

1. When Fuel costs rise.
Costs of manufacturing rise with it because it has to, to keep up with inflation
2. That raises the farmers and manufacturers cost.
For the farmer, his seed costs and fertilizer costs explode. Farmers don't work on great margins to begin with. His diesel costs go up, tire costs go up, weed killer costs go up, etc.

And you believe he can simply eat those costs and still survive.