These are also the main elements of the economic plan presented by Kamala Harris and the Democratic Party.
An economy that generates an annual deficit of 6 percent of GDP to achieve a mere 2 percent annual growth is already on a dangerous path, and Harris' plan would make it even worse.
Kamala Harris promises to cut inflation by spending and printing more money, reducing competition, and attacking businesses.
Imagine all those United States citizens who have escaped Latin American or European economies impoverished by interventionism to find a better opportunity in the United States only to find that the same policies will be implemented by Harris.
Kamala Harris and her team know that their spending plan will make the national debt soar and that price controls do not reduce prices.
These should not be called "Price controls" but "Limits to competition." If corporations were the cause of inflation and price controls were the solution, Peronist Argentina would have enjoyed the lowest inflation in the world in the past decades.
Are you surprised to see how Germany, France, and other historically rich nations slump into stagnation, high debt, persistent inflation, enormous taxes, and the destruction of the middle class? Those policies are what Harris is promising.
https://mises.org/mises-wire/american-peronism-kamalas-plan-ruin-americas-economy
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