Thursday, August 22, 2024

Kamalanomics

Michael Boskin says that there are three sources of insights into Harris’s economic thinking, “her positions when running for president in 2020, the Biden-Harris economic policies, and the economic program she rolled out Friday.”
 
Starting with the new policies she announced in a speech last Friday, Boskin explains that Harris wants to give first-time home buyers a $25,000 government check, favors subsidies to developers on low-income housing, and supports price controls on groceries." (Kamalanomics, Hoover Institute)

I wouldn't call those "insights," or "thinking." Give the general home buying public $25,000 to buy a house and all housing prices go up $25,000. That's 5th grade math. Only the free market works--even Communist China learned that when their economy was flailing. Definitely cat-lady economic theory.

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