Kamala Harris announced her first major policy which was effectively price controls on groceries. Price controls are condemned by virtually every economist, and as such even left-wing outlets like WaPo condemned this move.
Her lead against Trump on Polymarket is down roughly 10 percentage points on this announcement.
This market will resolve to YES if before the election, Kamala Harris or her campaign will make a correction walking back the price controls announcement or otherwise cancel this announcement / replace it with a different policy, even if that policy tries to achieve the same thing (as long as the new policy isn't price controls too).
This market will resolve to NO if by the election, Kamala Harris will NOT make such a correction.
The market will resolve to N/A if Kamala Harris drops out of the election.
1,000
3.00From https://kamalaharris.com/issues
"As President, she will direct her Administration to crack down on anti-competitive practices that let big corporations jack up prices and undermine the competition that allows all businesses to thrive while keeping prices low for consumers. And she will go after bad actors who exploit an emergency to rip off consumers by calling for the first-ever federal ban on corporate price gouging on food and groceries, which will build on the anti-price gouging statutes already in place in 37 states."
It's going to be hard to judge this market. She's still calling for a "first-ever" thing. But then she says it's going to be similar to a thing that already exists in 37 states. This feels like a bit of a walk-back to me. I'm going to bet a little YES on this market, but . . . yeah, it'll be tough to resolve, I think.
https://www.washingtonpost.com/business/2024/08/20/kamala-harris-price-gouging-proposal
"Vice President Kamala Harris’s proposal last week to ban price gouging in certain sectors has spurred backlash from some Democratic economists, provoked consternation among business groups and emerged quickly as a focus of Donald Trump’s on the campaign trail.
"Harris’s allies, however, are arguing both publicly and privately that her plans have been taken out of context, and that the idea is a targeted expansion of existing state powers rather than new government “price controls” that would transform the U.S. economy."
Yes, I'm curious about this same question! I'd like to make a market about whether she actually carries through on this promise: whether, as president, she enacts some kind of federal ban on price gouging (whether or not she walks back her promise). But the promise is vague enough that I'm not sure how to create the conditions for resolution.
This is an extremely interesting question!
I made such a market Kamala Harris carries out price controls in first term | Manifold
Can we agree on a definition of the price control policy that she said she'd put in place? There was some rambling about so called "price gouging" but it's unclear to me what the actual policy is. Critical for agreeing that it was rolled back