REUTERS/ Gus Ruelas
6. Paul Krugman, Nobel Laureate and Princeton economist
“I’ve been amazed at how many credulous commentators, and not just on the right, have asserted that Harris is calling for price controls, making her out to be the second coming of Richard Nixon if not the next Nicolas Maduro.
“What she has actually called for is legislation banning price gouging on groceries. Obviously, this is a populist political gesture — a way to offer something to voters upset about high food prices. But just because something is popular doesn’t mean that it’s a bad idea.”
Krugman noted that many states including Texas have laws banning businesses from overcharging for essentials like food and fuel during disasters. (New York Times column)
7. Target CEO Brian Cornell
The retail giant’s boss said that offering value to customers is core to Target’s business, its operating margin is only about 6%, and shoppers can easily compare prices across different stores to find the best deal.
“We’re in a penny business. It’s a very competitive space,” Cornell said. (CNBC)