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Opinion: America needs to retake Econ 101

Opinion: America needs to retake Econ 101

on Friday
Anonymous $ylk9NikVdr

https://www.siliconvalley.com/2025/01/03/opinion-america-needs-to-retake-econ-101/

Exit polling suggests that the dominating issue for voters in the presidential election was the economy. Americans can barely afford groceries, rent and child care. Voters perceived President-elect Donald Trump and Republicans to be more capable of addressing the woes of inflation and globalization, but Democrats have been hawking a similar message.

Politicians of all stripes need to move away from selling voters the false promise that they have control over inflation and globalization. Washington does have the power to make positive changes for working families, though. As one party is about to control Congress and the White House, this would be a great moment for lawmakers to brush up on how markets work and what the federal government can do to mitigate stagnant wages and market failures, support working families, and subsidize the construction of new housing.