Voters are smarter than Biden thinks
Until the past two years, for the millions of Americans under 50, inflation has been an abstraction, a topic in their econ class, not something that directly impacts their lives.
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Until the past two years, for the millions of Americans under 50, inflation has been an abstraction, a topic in their econ class, not something that directly impacts their lives.
That is an echo of the assumption that underpins every Econ 101 lesson about the laws of supply and demand: The invisible hand’s ability to efficiently set prices and allocate resources relies on an assumption
Hal Singer is a managing director at Econ One, a litigation consulting firm, and an adjunct professor at Georgetown’s McDonough School of Business.