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this post was submitted on 26 Nov 2024
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Presidents don't have a magic lever to adjust for price of goods or price of labor.
Bully Pulpit. That's what you've got. So preach.
They can implement price controls via executive order. They can also remove tariffs.
Remove the 25% tariff on Chinese goods, and then set prices of the biggest offenders to something punishing and watch the rest stop jacking up prices.
Price controls, rent controls, tariffs, company breakup, nationalization. Neoliberalism isn't and hasn't been the only state a capitalist economy can exist in.