November 2, 2024
Kamala is actually dumber than she looks
By Mark C. Ross
...and she has helpers.
When asked the first thing she would do should she become president, she said she would lower prices. Really? How? I’m guessing a magic wand might be the answer. Or maybe an army of authoritative price tag–changers going through all the stores. Now then, who would be the fascist?
Higher prices for much of the stuff we consume are not arbitrary. “Price-gouging” can’t happen when the consumer has multiple options for what he buys and from whom. There is, however, an occasional practice known as “opportunity pricing” when something is in great demand but with limited sources. Airlines have peak demand fares and ticket-scalpers take advantage of sold out events.
Ignorance of basic economics seems to be a requirement for membership in the progressive left — or how else could such nonsense be taken seriously? Prices go up for two reasons. First is the devaluation of government-issued money. The other is caused by either increased demand or decreased supply of a commodity, or both. Devaluation of money is cumulative and can be reversed only under dire circumstances, such as what happened during the Great Depression. Supply and demand are constantly in flux.
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https://www.americanthinker.com/blog/2024/11/kamala_is_actually_dumber_than_she_looks.html
