Thursday, September 15, 2022

Easier for Republicans to do something like banning abortion than figuring out how to stop something as complex as inflation

Hoping Republicans have a difficult time this November, but who knows.

They are using inflation as a campaign issue, but I doubt there is a clear solution to inflation that politicians can enact into law. Politicians can do something specific, like banning abortion, but inflation is more complex with no easy way to pass a law against it.

The Federal Reserve is not on the ballot, but it likely has more influence through the money supply. It's taking steps now to try and curb inflation, but the whole thing isn't that straight forward.

There are a lot of moving parts in the economy. Complex issues of supply and demand, wages and expectations, wealth inequality, environmental constraints and people's perception of how well things are going.

Not something with a clear solution based on the stroke of a pen.

People may not realize this, however. They still might buy talking points that Republicans, or Democrats can totally control inflation.

If we go back to a Republican Congress, with the Senate controlled by Mitch McConnel again, it would be a while before we learn that inflation doesn't just go away from political promises. By then it might be too late.

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