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Quick Hits: The Year in Dumb »
December 31, 2021
Whoops: Looks Like Someone Failed to Position Kamala Harris For Success Again
She's asked about inflation. Her babbling, shaky-voiced, please-God-send-a-tornado-to-end-this non-answer proves that, as her aides have complained, she refuses to read the briefing papers they prepare for her.
Meanwhile, as proof it's the seventies all over again, leftwing economists are proposing... Price Controls! as the magic bullet against inflation.
The woman -- a professor at joke leftist school UMass/Amherst -- is an adherent of the Elizabeth Warren "Wreckers & Hoarders" school of economics, which consists of blaming all inflation caused by big-spending Democrat plans on Powerful Corporate Consortiums fixing prices to gouge "the little guy."
Like "Big Supermarket" fixing food prices.
It's a plainly Soviet notion -- when our policies result in unintended consequences which we were repeatedly, and repeatedly, and even more repeatedly warned about, just execute even more authoritarian market interventions to punish market actors until they paper over all of our mistakes for us. Or we'll throw them in jail if they don't. At least in that case, we'll have scapegoats for a show trial.