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?
If they stop selling it, they stop buying it from suppliers and then the suppliers need to find a way to decrease their costs to make it so stores buy their products again. Otherwise they go out of business, so they will find a way.
I think the scary thing is if it takes the suppliers more than 3 days to figure that out. Companies oftentimes can last 3 days without food (and rarely fix things very quickly at any scale).