CNBC anchor obliterates Elizabeth Warren in debate over Harris' price control plan
'Those are fallacious and misleading'
Joe Kernen of CNBC schooled Democratic Sen. Elizabeth Warren of Massachusetts on the history of price controls in a debate about the economic policies of Democratic presidential candidate Kamala Harris.Kernen explained the free market argument against price controls to Warren on "Squawk Box."
"I can paint you a picture of how that would work and how it's worked in the past where we've artificially tried to hold prices down, competition doesn't come in," said Kernen.
“If beef is too high, people don’t move to chicken because competitors don’t come in to undercut where the beef prices are. Nothing works when you try to artificially control prices. It’s just a supply and demand issue. It’s a flawed idea,” he continued.
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2 comments:
She just goes on and on like marionette. Perhaps wooden head would describe her better. Why do they keep electing her?
We need term limits for all these losers!
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