What does a federal ban on price gouging look like? - eviltoast

The Harris-Walz campaign has said they want to create a federal ban on corporate price gouging (usually mentioned when folks talk about price hikes in grocery stores). I see economists complaining about variations of this policy being bad, e.g. leading to food desserts. But as far as I can tell there hasn’t been anything specific proposed. Could someone explain our best guess at what they are proposing, and if it’s been serious analyzed/tested elsewhere?

They cite existing legislation in the states; maybe explaining what that legislation does/how it works would be helpful?

  • RubberDuck@lemmy.world
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    2 months ago

    Same as banks regulated by glass steagall started fucking with the economy the moment is was repealed. The fairness doctrine for media might also be needed again.