Tuesday, May 14, 2024

Price Controls

They want something done:
Sen. Elizabeth Warren, D-Mass., led the letter Monday morning, calling on Biden to "exercise your executive authority to take additional action to address rising food prices without congressional action." The letter amassed 40 Democratic signatories between the House and Senate, including senators Bernie Sanders, I-Vt., and Richard Blumenthal, D-Conn., and representatives Ilhan Omar, D-Minn., Alexandria Ocasio-Cortez, D-N.Y., and Rashida Tlaib, D-Mich., among others. The lawmakers acknowledged "Americans are facing sky-high food prices." Notably, grocery prices have not fallen at the same rate as inflation. This is "caused by excessive price gouging by food and grocery giants," the Democrats claimed.
The thing is, it's not the stores' fault...

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