Joe Kernen of CNBC schooled Democratic Sen. Elizabeth Warren of Massachusetts on the history of price controls in a debate about the economic policies of Democratic presidential candidate Kamala Harris.
Kernen explained the free market argument against price controls to Warren on "Squawk Box" Friday a day after Harris accepted the nomination for the presidency at the Democratic National Convention.
"I can paint you a picture of how that would work and how it's worked in the past where we've artificially tried to hold prices down, competition doesn't come in," said Kernen.
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