Kamala Harris is promising to fight inflation by cracking down on corporations engaged in price gouging. But the idea that artificially high prices are, in any meaningful way, responsible for inflation is extraordinarily naive. Here, Larry Kotlikoff and I discuss the subtlety of inflation and why not all of its consequences are bad.
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Donald Trump lost more jobs than any President in recent history
https://www.usatoday.com/story/news/factcheck/2020/11/06/fact-check-pandemic-unaccounted-presidential-job-growth-chart/6177339002/
More jobs are created under Democratic Presidents. We will be fine under President Kamala Harris. If we can say Dostoevsky and Tchaikovsky, we can pronounce Kamala’s name properly.
Former President Bill Clinton’s claim that America has created 50 times more jobs under Democratic presidents than Republicans since the end of the Cold War in 1989 is true.
The number of jobs created in the U.S. from January 1989 to July 2024 was 51.6 million nonfarm jobs, according to U.S. Bureau of Labor Statistics employment data.
Around 1.3 million of those jobs were created under Republican presidents — George H. W. Bush, George W. Bush and Donald Trump, and about 50.3 million jobs were created under Democratic presidents — Clinton, Barack Obama and Joe Biden.
https://www.verifythis.com/article/news/verify/economy-verify/bill-clintons-claim-that-since-1989-50-million-jobs-were-created-under-democrats-while-republicans-created-1-million-is-true/536-8be72bc5-3d1b-4205-8ec6-59585e640769
Edit to add:
As if on cue Corey Lewandowski
https://youtube.com/shorts/QK5VyPkgpcw?feature=shared
Larry: Interest rate policy is ineffective. Jawboning (like JFK did) should work.
Glenn: Got a model for that? Any evidence other than JFK anecdotal?
Best comment: Glenn explicates two different types of debt. 1) Outstanding debt with a coupon. 2) Future obligations. Inflation helps 2, makes financing 1 more difficult. I would argue, impossible given the level of outstanding debt.