Remember when Republican presidential candidate Donald Trump castigated “Comrade Kamala” Harris, then the Democratic nominee, for supporting price controls? It wasn’t that long ago — just last August.

At a campaign rally in Pennsylvania, Trump told the crowd: “In her speech yesterday, Kamala went full Communist ... She wants to destroy our country. After causing catastrophic inflation, Comrade Kamala announced that she wants to institute socialist price controls.”

Harris’s price controls were largely aimed at food in grocery stores, though she also frequently touted the 2022 Inflation Reduction Act’s backdoor price controls — under the guise of “negotiations” — on a certain number of expensive drugs.

Trump was right to criticize Harris for supporting price controls on food, as well as prescription drugs. And, given the election results, it seems the public agreed with him.

Price controls are the progressive left’s go-to solution for almost all economic problems. But price controls virtually always lead to unintended consequences: shortages of the price-controlled products or services; lower quality as manufacturers cut corners to meet........

© The Hill