How Kamala’s Grocery Price Controls
Would Work
Posted By: NorthernDog, 8/18/2024 2:32:48 PM
A financial analyst I follow on Twitter/X, Robert Sterling, says everyone should calm down about Kamala’s grocery price controls idea. It’s actually worse than you think. Here’s his expectation from his Twitter column: People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America. I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen: 1. The government announces that grocery retailers aren’t allowed to raise prices. 2. Grocery stores, which operate on 1-2% net margins, can’t survive if
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Alaska Republican drops out of three-way
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House race, dealing surprise blow to Democrats nationally 13 replies
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A financial analyst I follow on Twitter/X, Robert Sterling, says everyone should calm down about Kamala’s grocery price controls idea. It’s actually worse than you think. Here’s his expectation from his Twitter column: People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America. I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen: 1. The government announces that grocery retailers aren’t allowed to raise prices. 2. Grocery stores, which operate on 1-2% net margins, can’t survive if
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Most Active Articles (last 48 hours)
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with evidence of strippers, porn at upcoming
tax trial: lawyer 19 replies
with evidence of strippers, porn at upcoming
tax trial: lawyer 19 replies
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Comments:
He makes some good points. Most likely is that 'food deserts' would proliferate and low-margin products would simply disappear from the shelves.