PREVIEW: Conversation with colleague Richard Epstein of the Hoover Institution regarding the Harris presentation that price gouging by food corporations is the driver of inflation at the marketplace. More tonight.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 16 August 2024
⏱️ 1 minutes
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1930 Mott Street NYC
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| 0:00.0 | This is John Bachelor, conversation with my colleague Professor Richard Epstein, a senior fellow at the Hoover Institution, teaches law at NYU and the University of Chicago, about the economic policy presentation by the Harris campaign, concentrating on what is called |
| 0:15.2 | price gouging by food companies. |
| 0:18.7 | I ask the professor, is this wage and price controls for my youth a Nixon administration? |
| 0:25.0 | The professor's answer is sharp. More of this tonight. |
| 0:29.0 | Isn't this wage and price controls from the Nixon era of the 19th? |
| 0:34.0 | It's the same thing and they're going to what happens when you have wage and price |
| 0:36.9 | controls is you get chronic shortages. Everybody kind of knows that. If you recall |
| 0:41.9 | when Nixon put those things on in 1971, he then lifted |
| 0:45.8 | them pretty much for everything except for gasoline, and the lines went around the block because |
| 0:51.2 | the supply was not there to lose the demand. |
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