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No, just the really short onesReich is what he is, an expert with lots of policy experience, and an economist who presents the view of the left wing of the Democratic Party.
Calling Reich a hack is meaningless and probably redundant for you, since you would likely all left-wing policy spokesmen as hacks.
Price caps cause prices to be raised on other items, to make up for the loss.
I’m saying we should wait until she lays out some kind of plan.fair enough
Are you saying that we should ignore what she is saying other than that these are the usual empty campaign promises trying to fix a problem important to voters?
He's not an economist. It's more accurate to say that he worked in (among other things) economic policy.Reich is what he is, an expert with lots of policy experience, and an economist who presents the view of the left wing of the Democratic Party.
Calling Reich a hack is meaningless and probably redundant for you, since you would likely all left-wing policy spokesmen as hacks.
He’s a best selling author, worked in the cabinets of 4 presidents, teaches at a university and is very left leaning.He's not an economist. It's more accurate to say that he worked in (among other things) economic policy.
I'm familiar. I think it's probably too far to call him a "hack", but some of the stuff of his I've seen floating around Facebook kind of leans that way.He’s a best selling author, worked in the cabinets of 4 presidents, teaches at a university and is very left leaning.
@public hermit posted an article about it and it mainly dealt with the beef industry.If Item B goes up instead of Item A in response to price controls on Item A, that’s not inflationary; it’s just an ineffective policy. I have no issues with the claim that price controls don’t work.
I’m saying we should wait until she lays out some kind of plan.
Not in this thread they didn't.@public hermit posted an article about it and it mainly dealt with the beef industry.
Still pretty light on details.
Don't worry. There are now fewer farmers around here. Those subsidies clearly haven't been enough to allow them to stick around.If you want to cut farm subsidies, I'll gladly lock arms with you, but good luck getting that past the farmers and their politicians from the midwest.
A dwindling supply of product, in a growing population, will drive up competition quickly.Don't worry. There are now fewer farmers around here. Those subsidies clearly haven't been enough to allow them to stick around.
An Investigate Midwest analysis of census data found Wisconsin was hit particularly hard, suffering a nearly 4% decline in farmland, equivalent to 533,952 acres. It also lost roughly one in 10 farms and nearly one in three dairy farms between 2017 and 2022.
Well since it's only a handful; maybe you can name them, and tell me what food prices they are controlling.Food prices, controlled by a handful of megacorps
worked in?He's not an economist. It's more accurate to say that he worked in (among other things) economic policy.
Reich has taught economic policy, but he does not have a PHD in Economics.He's not an economist. It's more accurate to say that he worked in (among other things) economic policy.
You mean like Hillary Clinton did? If you want plans, they will be in the platform passed in a couple of days and soon forgotten. The president has little influence on the issues that she is addressing, certainly without Congress.If Item B goes up instead of Item A in response to price controls on Item A, that’s not inflationary; it’s just an ineffective policy. I have no issues with the claim that price controls don’t work.
I’m saying we should wait until she lays out some kind of plan.
Right, he’s a policy guy. There’s a difference between a scientist and somebody who specializes in science policy. Likewise, there’s a difference between an economist and someone who specializes in economic policy.worked in?
Reich has taught economic policy, but he does not have a PHD in Economics.
"he worked in economic policy"?
His background competence and experience are a bit more than that. He has been a primary spokesman in economic policy for the last four Democratic presidents.
You forgot energy.HIGH FOOD PRICES
If you wish to lower food prices, then go to the sources of much of the high prices.
1) Unavailability of labor
We need hundreds of thousands more of legal workers. It is ridiculous for those in the Northeast and Northwest to import apples from Chile, South Africa and Mexico instead of picking apples in NY and Washington state. BTW, Washington orchards have offerred $25 an hour or more, focusing on college students with almost ZERO takers.
2) Cost of labor
I remember when farmers in California were forced to pay a somewhat reasonable wage to their workers. Prices went up. I've fine with that. I don't want folks working for $4 an hour so that I can have cheaper produce.
3) Transportation costs
These costs have gone way up, primarily because of lack of truck drivers, and the need to pay them more.
4) Agricultural subsidies
By their nature, these subsidies are inflationary. Are we willing to save some farmers by artificially increasing and stabilizing prices. Probably we are.
IF THERE IS CORPORATE GREED
Buy another product. Shop in another store. Have federal actions against any price fixing. The answer is NOT government interferences with market prices. [Note that there are "grocery deserts', greatly underserved areas where a local store can charge much more than elsewhere. The answer is to stimulate competition by providing grants to those who would open local stores and co-ops. Government price limits and profit limits are not the answer.
If the government wants the profitable companies to make less, the answer (a poor one" is an excess profits tax, or even higher corporate taxes at the top brackets. This is so much better than interfering with the open market for goods and services.
HOUSING
House prices are too high. OK. So the Harris answer is to give new buyers $25K each to spend. It takes a special kind of economic analysis to believe that this will bring prices DOWN.
Rent control limits on large corporate owners. The devil is in the details.
Food prices have surged by more than 20% under the Biden-Harris administration, leaving many voters eager to stretch their dollars further at the grocery store.
On Friday, Vice President Kamala Harris said she has a solution: a federal ban on price gouging across the food industry.
“My plan will include new penalties for opportunistic companies that exploit crises and break the rules,” Harris said at a campaign event.
There’s just one issue: Harris’ proposal could create more problems than the one it’s trying to solve, some economists say.
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