The 2024 election has become so flippin’ boring!  We know Trump will be incoherent and Harris will echo Biden and that is about it.

This election season the candidates are giving inflation a lot of lip service….one says if elected he will end inflation on day one….the other is not so precise.

But can a president really do, do they have the power to end inflation?

Now that is a question that anyone worried about inflation should be asking of their candidate and ask for specifics after all words are cheap.

The Kiplinger Report takes a look at what is involved with inflation and what a president can do….if anything.

Inflation. 

It killed the presidencies of Jimmy Carter and Gerald Ford, relegating both to the status of a one-term president. And broad dissatisfaction with post-pandemic inflation weighed heavily on President Joe Biden’s popularity … and may have been one of the factors in his decision not to seek a second term. 

But is inflation really a president’s fault? And what, if anything, can a commander-in-chief do to fix it?

The relationship between inflation and the man or woman in the White House is complex because inflation itself is complex. And while the president cannot control inflation, per se, they can certainly influence it. 

So, let’s break it down, starting with what drives inflation.

Inflation is the rate at which prices rise over time. Or, put differently, it measures how much your money is worth relative to the goods and services you can buy with it. 

The reasons for inflation are varied, but ultimately, they all come down to basic supply and demand. That’s how all markets work. When demand is higher than supply, prices rise to compensate. Likewise, when supply outpaces demand, prices fall.

Both aggregate supply and aggregate demand can be influenced by government policy, though not necessarily by the president. 

https://www.kiplinger.com/personal-finance/inflation/can-a-president-fix-inflation

As you can see the Federal Reserves is where inflation has it’s start….government policies can have an effect one way or the other but a president cannot end inflation on his/her own.

“But it’s also not within the president’s power alone to control inflation and it’s not realistic to expect it. “

Think about this….the Fed is lowering interest rates will that drive inflation to rise….after all we are sitting at 2.9% or so the reports go.

Know what you are voting for in the upcoming election….do not vote for idle words.

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“lego ergo scribo”