Woke Economists’ Kamala Endorsement Prioritizes Ideology Over Reality
Despite all existing data exposing Harris as an economic disaster, more than 400 economists are turning to misinformation to hurt Trump.
Kamala Harris’ plan to fight “price gouging” with price controls may be enough to fool low information voters, but it’s not fooling America’s best and brightest.
Dave Rubin of “The Rubin Report” is one of them, telling his audience “I don’t like her very much.”
Tech legend David Friedberg from the “All-In Podcast” is another one — and he has a warning for those who blindly believe what Harris is saying about the supposed “price gouging” taking place at the grocery store.
“I unequivocally hate socialism. Socialism destroys innovation, destroys productivity, and destroys individual liberties,” Friedberg said in response to her plan.
“The free market works in that everyone is always competing with each other, creating new productivity improvements, and as a result, over time, prices come down. Except when the government intervenes and gets involved,” he continued.
“I would argue that the real cause of price inflation in food is not the supposed price gouging by corporate players in the AG and food industry, all of whom are deeply competitive with one another, but rather is the result of the inflation associated with government spending and stimulus coming out of COVID.”
Friedberg then pointed out that the FED balance sheet from COVID until today has grown from 4.2 trillion to 7.2 trillion, which is a growth of 70%.
“The Federal Reserve went out and they bought assets and they issued debt to banks and introduced liquidity into the system,” he explained, noting that the result of this was that the M2 money supply increased from 15 trillion to 21 trillion since COVID, which is a 40% increase.
“So, now there is more money in the system, so the cost of everything should go up. Which is exactly what we’ve seen,” he said, before sending a warning.
“Every socialist experiment in human history has started with caps on food, and it has resulted in breadlines,” he said. “This is a mistake, it is a problem, it is anti-American, it is anti-free market, it is anti-innovation, it is anti-productivity, and ultimately, it’s anti-liberty, and I cannot stand it.”
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The left desperately needs a lesson in economics, and Mark Levin is here to supply it — because Marxists like Robert Reich are failing to do the job.
Reich claims that the “crises” Republicans are concerned about are “totally made up” in order to “distract from the real crises facing Americans” like “growing concentration of wealth” and the “worsening climate crisis.”
“I’m tired of this Marxist claptrap with class warfare,” Levin says, before destroying Reich’s argument.
“According to the Marxists,” he begins, “there’s only one pie. And the more somebody takes out of that pie, the less pie you have to eat. That’s not how market capitalism works.”
“Under capitalism,” he continues, “the pie gets bigger and bigger and bigger except when these masterminds Bernie Sanders, Biden, Reich jump in. And they try and decide who will and who will not succeed.”
This is precisely why the attack on entire industries like automobiles — by “Democratic socialists” like Biden — is going to hurt the economy more than help it.
“The more the government rules over the economy, the harder it is for the economy to grow. And sometimes it begins to shrink,” Levin explains.
Leftists also seem to operate under the belief that there is no middle class in this country.
“We have a massive middle class in this country. Why? Because the government dictated it? No. Because the Industrial Revolution,” Levin says, noting that the Industrial Revolution “was the greatest period of economic growth mankind has ever experienced.”
“Ever since, the Marxists, the Democrats, have done everything they can to it. They hate capitalism,” he adds.
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Oh. My. Gosh. His AOC impression is HILARIOUS
Oh. My. Gosh. Pat Gray makes the best impression of Alexandria Ocasio- Cortez.
In this clip, Pat read the transcript from an episode of "Influencers" with Andy Serwer. The Congresswoman from New York had some rather vague things to say about why she believes capitalism no longer suits America.
Ocasio-Cortez attempted to define "capitalism": "Capitalism at its core, what we're talking about when we talk about that is the absolute pursuit of profit at all human, environmental, and social cost. Many of these price increases are potentially due to just straight price gouging by corporations. If we allow a full just continuation of student loan payments, we are talking about a catastrophic development for millions."
"Listen to this sentence," Pat laughs, "What we are talking about when we talk about that." You have to hear Pat read this story in his best "AOC" voice. "And that is people who have so much money that their money makes money and they don't have to work, and they can control industry," Pat mocked.
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