Misdirected FireThe Kamala Harris campaign is frustrated that the economy is hot, inflation has dissipated to just 2.4 percent, and yet voters are not feeling it. Politicians learned long ago to never tell the voters they are wrong and have misperceptions. Consequently, she has been acknowledging that prices “are still too high” and vows to lower prices. She affirms there misperceptions including blaming high food prices, despite their return to normalcy. Grocery store prices have barely moved over the past year, and yet the latest Gallup poll shows that the favorability rating for grocery stores in 2024 fell to just 33 percent. The favorability rating for restaurants also fell but is still nearly 60 percent better than for grocery sto...

TAGS – North America, Macroeconomics