Issues - Kamala Harris for President: Official Campaign Website
kamalaharris.com
BUILD AN OPPORTUNITY ECONOMY AND LOWER COSTS FOR FAMILIES Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong. That’s why as President, Kamala Harris will create an Opportunity Economy where everyone has a chance to […]

The Harris-Walz campaign has said they want to create a federal ban on corporate price gouging (usually mentioned when folks talk about price hikes in grocery stores). I see economists complaining about variations of this policy being bad, e.g. leading to food desserts. But as far as I can tell there hasn’t been anything specific proposed. Could someone explain our best guess at what they are proposing, and if it’s been serious analyzed/tested elsewhere?

They cite existing legislation in the states; maybe explaining what that legislation does/how it works would be helpful?

  • Flocklesscrow@lemm.eeEnglish
    5·
    3 months ago

    “Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.”

    • RubberDuck@lemmy.world
      3·
      3 months ago

      Same as banks regulated by glass steagall started fucking with the economy the moment is was repealed. The fairness doctrine for media might also be needed again.