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The Truth About High Prices and Increasing Prices

Summary:
A bit of The Atlantic’s Anne Lowrey on high prices and increasing prices. The article says there are few or great tools a president has at their disposable. I beg to differ on Annie’s comment. One of those tools a President Kamala has is take the issue to the citizenry making the case many of the high prices do not need to be. They are artificially high because industry can control supply which can drive prices up. This is no surprise the nation experienced similar in 2008. Americans are upset with a supposed laissez faire economy which is being directed rather than let-alone. One reader is diligent enough to remind me of price and wage controls. After all was said and done, there was an explosion of both later. Got a 15% increase in salary. I

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A bit of The Atlantic’s Anne Lowrey on high prices and increasing prices. The article says there are few or great tools a president has at their disposable. I beg to differ on Annie’s comment. One of those tools a President Kamala has is take the issue to the citizenry making the case many of the high prices do not need to be. They are artificially high because industry can control supply which can drive prices up. This is no surprise the nation experienced similar in 2008.

Americans are upset with a supposed laissez faire economy which is being directed rather than let-alone.

One reader is diligent enough to remind me of price and wage controls. After all was said and done, there was an explosion of both later. Got a 15% increase in salary. I was damn good on planning production, inventory, and demand.

My point here being. Pres, Kamal can jawbone quite a bit as a new president and embarrass industry leaders as to the lack of social responsibility to the nation and its citizens. How much profit, salary to the upper management, and waste is enough? If I did a walk-through, I am sure I could find both.

“The Truth About High Prices”

The Atlantic

Kamala Harris has accordingly made addressing the cost of living the centerpiece of her campaign’s new economic pitch to American voters. She has some good ideas, correctly focused on the financial health of middle – and low – income Americans. But there’s a big problem, as there would be with any candidate’s attempts to lower costs: The White House simply does not have great tools to bring prices down, and the tools it does have could make the cost of living worse before it gets better.

The White House and Congress are adept at creating demand, by pushing cash out to families and businesses or amping up the federal government’s own spending. Washington has tax cuts, tax credits, stimulus checks, unemployment-insurance payments, mortgage subsidies, student loans, direct-employment schemes, and so on to work with. But it has fewer options aimed at increasing the supply of goods normally provided by private companies. And doing so tends to be slow work that is inflationary in and of itself, particularly when financed with deficit spending. Pouring money into building new homes, for example, means bidding up the price of land and raw materials and juicing the labor market for construction workers.

Some of the most compelling policies offered by the Harris campaign—those aimed at increasing competition, bolstering price transparency, and reducing corporate concentration—are the hardest to make the case for in plain English. America’s excessive health-care costs are in large part the product of hospitals and medical groups that control so much of their local market that patients and insurers have no choice but to pay whatever price they set. That is a more complicated story than “corporate greed,” and no simple policy change will immediately untangle it.

Regardless of who is elected in November, the cost-of-living crisis will be with us for a long while. Harris is promising voters relief from high prices. If she wins, what she will need from voters is time.

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