Biden’s Price Control ‘Strike Force’

New Ideal, from the Ayn Rand Institute

https://www.youtube.com/watch?v=iTvoxqlq9x4 Podcast audio: In this episode of New Ideal Live, Ben Bayer and Nikos Sotirakopoulos examine President Biden’s State of the Union address and what it reveals about the goals of today’s political leadership. They discuss the anti-mind premise driving both political tribes and how it leads to statist policies that destroy wealth and create economic hardship. Among the topics covered: Understanding the values of the current political leadership; Biden’s antipathy to the mind’s role in economic value creation; How contempt for the mind restricts and destroys the pharmaceutical industry; “Shrinkflation” as a distraction from the damage caused by anti-profit state policies; Statist policy effects on supply and demand as the cause of rising prices; How to think about “junk” fees and what underlies attacks on them; The true objective of Biden’s “Strike Force” as rule by fear and force; The anti-producer and anti-consumer motivations of Biden’s “Strike Force”; Why Republicans’ only response is to change the subject to the border crisis. Mentioned in this podcast are the interview “Understanding the Roots of the New Inflation: With Rob Tarr,” Onkar Ghate and Ben Bayer’s New Ideal Live episode “The Pure Hatred of the New Antitrust,” and Ayn Rand’s lecture “Egalitarianism and Inflation.” The podcast was recorded on March 13, 2024. Listen and subscribe from your mobile device on Apple Podcasts, Google Podcasts, Spotify or Stitcher. Watch archived podcasts here.