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The Ramsey Show Highlights

What Price Control Would Really Mean

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 22 August 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📝 Share your thoughts on the show! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

brought to you by the every dollar app start budgeting for free today we're going to take on

0:07.5

some economic issues we've been talking about some economic issues because they affect your actual

0:12.2

pocketbook and this is this is a show that is about your money and how it affects your life

0:19.6

and and so we preach a lot of personal responsibility. We preach

0:24.5

control what you can control. However, we want to not just inform you on how to get out of debt,

0:31.5

how to do a budget. We want you to understand how economics work and economic policies because

0:37.1

you have a say in it. And so don't

0:40.2

get squeamish. Don't get nervous. We're not going left. We're not going right today. We're going to

0:44.6

talk about, as we as I talked about a couple weeks ago, Rachel, you missed it. I talked about the one

0:49.3

issue that I think American people ought to be uniting on in this election is the national debt. In other words,

0:56.1

we need a constitutional amendment that would require a balanced budget like many states, the state

1:01.8

of Tennessee, the state of Virginia where I'm from. Many states have a constitutional requirement

1:07.0

for a balanced budget. So big in the news. In fact, Dave was on Fox News talking about

1:13.6

Laurel Ingram heading on the Ingram angle to talk about Vice President Kamala Harris's economic

1:19.8

plan and specifically it's been floated that she would be in favor of price controls to control

1:26.6

inflation. Okay. So I want to break this down very, very

1:30.4

briefly. I went and did some research. This is not my opinion here. I'm going to walk briefly

1:35.7

through about 11 things that would happen. This is from a well-known economist that understands

1:42.0

food and food pricing. But let me first explain, Rachel, and to our

1:45.8

audience, price control the ideas. It sounds really great on the surface, right? Wait a second.

1:51.1

You mean the government can pass legislation that would say, we have to keep prices at this

1:56.0

much? And it sounds really great because, oh, the price of a combo meal or the price of groceries.

...

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