Senator Elizabeth Warren and Joe Kernen had a heated spat on "Squawk Box" Friday morning, as the CNBC anchor took her to school over the Democrats' plan to impose a federal ban on so-called "price gouging."
"If you lose The Washington Post as a Democrat, you got some serious problems. This is what they said about the price gouging, or the price control legislation," said Kernen - adding "It was really pilloried from both sides of the aisle … I can paint you a picture how that would work and how it’s worked in the past, where we’ve tried to artificially hold prices down. Competition doesn’t come in. Like if beef is too high, people don’t move the chicken. Competitors don’t come in to undercut where the beef prices are. Nothing works when you try to artificially control prices. It’s just the supply and demand issue. It’s a flawed idea."
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