Today Kamala Harris delivers her big speech on fixing the economy and inflation – that is to say, fixing the economic crisis Joe Biden and she created.

The centerpiece of her plan is the imposition of price controls on greedy corporations she says are gouging and fixing prices to shaft consumers. Even the Washington Post has trashed the plan, advising Kamala that if you are being accused of being a socialist/communist, maybe you shouldn’t endorse communist interventions.

Are grocery stores, 7/11, gas stations, and Walmart guilty of price gouging? Our ace economist EJ Antoni has noted that producer prices have risen at almost the precise rate that consumer prices have risen.

The San Francisco Fed found the exact same thing a few months ago: “An increase in pricing power would be reflected in price-cost markups… aggregate markup across all sectors of the economy… has stayed essentially flat during the post-pandemic recovery.”

Producers and businesses aren’t gouging, Kamala.  They are charging prices that cover their costs. The government doesn’t have to do that, because under your administration, they will continue to run $2 trillion deficits from now until the cows come home. Private companies are in business to make a profit. If they don’t, they are soon out of business.

We wouldn’t suspect that Kamala would have even a clue of any of this because neither she nor her sidekick, “Coach” Walz – has even an ounce of business experience. Profit is only a dirty word if you’ve never made one.