For months, Donald Trump’s opponents — first Joe Biden and now Kamala Harris — have claimed his policies in a potential second term would raise inflation. As one might expect, the corporate media have chimed in loudly on this issue for months as well.
Put aside the fact that Democrats’ own record of trillions of dollars in spending helped spark the current inflation, making it a bit rich for them to attack Trump’s proposals. It is nevertheless worth analyzing the Republican candidate’s plans to gauge their effects.
There’s no question Donald Trump’s economic policies are better than Kamala Harris’ (to the extent she has put any forward), but if he wins the election this week, these are areas he should reconsider.
Good: Energy Exploration, Rein in the Administrative State, Border Security
For much of the campaign, Trump has talked about how unleashing American energy — he has revived the mantra “Drill, baby, drill” — would help bring prices down. Given how transport costs get baked into practically every good sold, removing the current administration’s restrictions on energy exploration would help lower general inflation. And because energy prices operate in a spot marketplace — i.e., prices now are determined by the market’s opinion of future energy production — unshackling energy producers could have beneficial effects in relatively short order.
Likewise, removing or streamlining burdensome regulations will lower a source of added costs to businesses. In particular, many of the Biden-Harris administration’s climate-related regulations and mandates have had the effect of raising
