J.D. Vance recently blamed Vice President Kamala Harris for an increase in prices for eggs, but observers noted that his point was undermined by a contradictory price tag behind him. CNN's Kit Maher reported than Donald Trump's pick for Vice President "swung by supermarket in Reading, Pennsylvan...
  • merc
    5·
    2 months ago

    The egg shortage has enabled record quarterly profits and sales at Cal-Maine Foods (CALM), the largest producer and distributor of eggs in the United States. The company produces brands such as Farmhouse Eggs, Sunups, Sunny Meadow, Egg-Land’s Best and Land O’ Lakes eggs.

    https://www.cnn.com/2023/01/13/business/egg-prices-cal-maine-foods/index.html

    The problem, once again, is monopolies. Not enough competition means one company can jack up prices.

    It’s not clear if Harris will continue Biden’s policies, but one of the best things Biden’s admin has done is to actually go after monopolies for the first time in decades. Under a Trump / Vance presidency, I don’t think that’s very likely.