🌐 Global Economy 1d ago · Menzie Chinn

Feasible Cost of Living Reduction

Econbrowser
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Feasible Cost of Living Reduction
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Today,  in “Democrats Promised to Fix the Economy. What Can They Really Do?” (WSJ), Grossman, Whalen and Bade argue that Democrats can do very little to lower the cost of living.


Whether they can [make the economy work] isn’t assured, despite the party’s pending control of the House and Senate. Many demands are beyond the reach of lawmakers to fix. The main tools of Congress, taxes and spending, are limited and slow-moving—and lawmakers still face Trump’s veto.
The new majority may

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