I had the sense that this was occurring. UGGG. Small focus groups on CNN and elsewhere of undecided voters *seem to be leaning toward Vice President Harris. Those who say they prefer Trump were already leaning towards Trump.
People are really hung up on the economy.
Presidents Trump and Biden likely forestalled the collapse of the economy coming out of COVID by sending out all those checks; the resultant inflation came from ramping up the money supply to keep the economy afloat. A spat of inflation was a small price to pay for averting another Great Depression.
🤭
EDIT: busted. This comment, above, has focussed upon macro-economic causes for inflation only; that focus is too narrow. As observed by Frank Loomer et al. there are micro-economic -- or situation-specific -- factors presenting an opportunity to companies to charge what the market will bear. The macro-&-micro factors combined for a double-whammy. That the inflation rate is already coming down discernibly is heartening.
Sep 12, 2024
at
8:27 AM
Log in or sign up
Join the most interesting and insightful discussions.