Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - US
The Guardian - US
Business
Lauren Aratani in New York

This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’

a woman smiles for a photograph
Isabella Weber attends the Time 100 Next event in New York on 24 October 2023. Photograph: Mike Coppola/Getty Images for TIME

As Donald Trump has pointed out, the price of groceries was one of the determining factors in his election win. But there was a moment when Kamala Harris led that debate.

When Harris rolled out her economic platform in August, a new proposal captured the public’s attention: a federal ban on price gouging for food and groceries. Though many voters seemed to support the idea, economists at the time derided it. If the federal government were to cap prices, they argued, supply and demand would become misaligned and shortages would ensue.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.