The Harris Walz plan for reining in grocery prices appears to contain two components, one of which has attracted a lot of attention (stopping price gouging), while the second (antitrust against food processors) has garnered less criticism (see agenda here). While it might be the case that grocery store chains are exploiting some monopoly power, it’s not clear to me it’s the most important aspect of grocery price developments.
The Fiscal Implications of Trump and Harris Proposals – A Partial Count
Trump: $4 ($5.6) trillion increase in cumulative deficit, minus tariff revenue increase. Harris: $1.7 trillion. On the tariff impact, you have to ask: “do you feel lucky?”
EJ Antoni on the Recession
of 2022H1, in light of his declaration of recession now. From August 1, 2022, from Heritage Explains episode “Biden’s Recession”:
EJ Antoni: “manufacturing is in recession”
From X, on Thursday:
Cliff Winston: “The Microeconomics of Donald Trump”
Layoffs and Mass Layoffs in Wisconsin
A few days ago, Eric Hovde spoke about impending mass layoffs. I couldn’t figure out what he was talking about; here’re some indicators for Wisconsin, and for the nation.
Wesley Clair Mitchell and Business Cycle Measurement
From NBER President & CEO James Poterba, on 8/5/2024:
“Economists for Trump”
In 2020, list here.
“Non-Essential Business Cycles” and Implications for the Imminent Recession Call
From a paper by Michele Andreolli, Natalie S. Rickard, and Paolo Surico (presented at NBER Summer Institute Monetary Economics sessions):
Hovde on Impending Mass Layoffs, Disinflation vs. Deflation, and “Illegals” (His Word, Not Mine)
See on WisconsinEye.