As Kamala Harris attempts to succeed where fellow Californian Richard Nixon fell short in 1960 – win the White House as a sitting vice president amidst a complicated economy – she takes a page from the Nixon presidency and wades into what government can do about the high cost of goods and services (specifically, food prices). Economist David Henderson, a Hoover Institution fellow and a I Blog to Differ commentator, explains what Nixon attempted a half-century ago and what Harris suggested in her pre-convention economics address. Henderson also explains the difference between price controls and curbing price-gouging plus the economic consequences of the federal government imposing its will on the free market. Recorded on August 21, 2024 The opinions expressed on this channel are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. © 2024 by the Board of Trustees of Leland Stanford Junior University. 🔔 Subscribe for more discussions: @HooverInstitution 👍 Like and share this video! 🌐 Follow us on social media: • Facebook: https://www.facebook.com/HooverInstStanford • LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university • Instagram: https://instagram.com/hooverinstitution • X: https://www.twitter.com/HooverInst