Oklahoma Republican Governor Kevin Stitt offered an economics lesson on Sunday, explaining why he believes the policies proposed by Democratic presidential nominee Vice President Kamala Harris and her running mate, Minnesota Governor Tim Walz, will not be effective.

Stitt made these comments during an interview on CBS News’s “Face The Nation” with host Margaret Brennan, where they discussed Harris’s proposals related to housing.

“As a businessman before I became governor, I was in the mortgage business,” he said. “And the last thing that you want to do is the Vice President Harris plan, which is to put $25,000 more into every single person’s pocket for the purpose of buying houses, because if you increase demand without fixing supply, what happens to pricing? You’re actually exasperating the problem. Prices for housing goes up. So, the solution that President Trump’s talking about, and it’s the correct solution, is to eliminate permitting reform, get permitting reform, make it easier for developers, make it easier for people to develop and build houses, get rid of regulations. That’s the – that’s the free market principles that we believe in. And we know are the correct way to do it.”

Stitt suggested that Harris should be questioned about who would actually construct the 3 million homes she has promised would be built under her administration.

“I mean, basically, we believe either in a free market system or we believe in government intervention,” he said. “And so the bottom line is, you’re going to drive up the cost – the reason we have 20 percent inflation under a Biden-Harris administration right now is because of all of the attacks on energy, for example, the bureaucracy. We need permitting reform. We need deregulation. We need to unlock American businesses to meet the needs of Americans. If you think about the Democratic ticket, they’ve never worked in the private sector. And so their policies are showing that. You can’t give every single first-time home buyer $25,000 and expect the prices of houses to come down. That’s just not the way the economy works. That’s socialism. That’s communism.”