Three Faulty Policy Lessons for Democrats on Inflation

Most economists and commentators now agree: a big reason for Vice President Kamala Harris's defeat in Tuesday's presidential election was high inflation delivering higher prices. I've written extensively on why the public hates inflation so much. But the election result is producing disagreement about what the policy implications should be for Democrats. Three responses being pushed, in particular, would be exactly the wrong lessons for them to learn, at least from an economic perspective. Macroeconomic Policy Was Fine, It Was The Microeconomic Policy That Was Faulty (Liberalizing Version)