In fact, much to our chagrin, we tried to institute price controls in the 1940s and the 1970s, which instead of easing inflation actually exacerbated inflation and it was considered a failure and discontinued. In addition, Kamala has also proposed monetary giveaways to special interest groups, in hopes of gaining their votes, while ignoring the fact that our national debt is now over $35 trillion and rising. The late Nobel Prize economist, Milton Friedman, once stated that, “There is no such thing as a free lunch”, but it seems that Kamala, and her “Whirling Dervish” Vice-President nominee, Tim Walz, have no clue about economics as they both have been on the public payroll their entire careers.
During the Biden/Harris administration, very few appointees and staffers, that were hired by them, had any kind of private business or economic experience, many were left-wing academics. It could be concluded that is why we are in the poor financial condition that our country is in today. Her opponent this election, former President Donald Trump, a successful businessman his whole life and president for 4 years, proved his economic mettle by overseeing a very robust economy where most everybody fared well economically, the poor, middle-class, and the well-to-do.