No, Kamala, There is no Profit-Driven Inflation

Kamala’s Destructive Economic Policies, Screenshot from YouTube: “Good, Bad, and Ugly: Analyzing Kamala Harris’ DNC Speech,” The Majority Report w/ Sam, August 28, 2024.

As someone with a degree in Misesian (Austrian) economics, I find that Kamala Harris has given me an unlimited supply of ill-informed economic policies to tear apart. Take, for instance, her proposed ban on grocery price gouging. Such a policy is almost certain to lead to shortages, as it disrupts the natural market mechanisms that balance supply and demand. Moreover, the concept of “profit-driven inflation” is fundamentally flawed. Inflation is not caused by corporate greed but is, in fact, a monetary phenomenon. The real culprit behind inflation is the Biden administration’s reckless expansion of the money supply,

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