Greg Ip
speaker
395 appearances
7 recordings
4 series
first heard Dec 2025
last heard 8 May
Greg Ip’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 7 in all, peaking in Feb 2026 with 2.
Appearances
People's incomes are growing faster than prices.
The reason I think it has become a buzzword is that a lot of folks were shocked by how much prices went up in the initial aftermath of the pandemic, and they still are hoping that prices will actually go down for outright deflation, which is for prices to fall.
And historically, that almost never happens except when we're in a depression.
And it's not going to happen now.
Well, yes, Trump was happy to campaign on the affordability crisis, accusing Biden of presiding over the highest inflation in history.
That was not true.
saying things like the price of bacon had gone up four or five times.
That was not true.
I mean, there's a lot of research to suggest it was probably the number one reason that Trump was able to defeat Kamala Harris last fall.
But, you know, you live by the sword, you die by the sword.
People are saying, wait a minute, why are prices still going up?
And they're saying, Mr. Trump, this is your economy now.
Where's the beef, figuratively and literally speaking?
I'll start off with one thing that he could not do, which is to raise tariffs.
There's a lot of debate about how much tariffs have added to inflation, but there's not much debate that the number is positive and that if you stopped imposing tariffs, you would probably have lower inflation.
And the president himself implicitly acknowledged that by rolling back some tariffs, such as on coffee and bananas.
There are things you can do on the income side, and the president is indeed doing some of those.
we are going to see the tax provisions of the Republicans' mega bill from this past summer kick in.
And that will include things like a reduction of taxes on tips on people over the age of 65, things like tax deductibility for certain automobile leases, expanded deductions for state and local taxes, and so on.
So to the extent that that raises some people's after-tax incomes, that'll help with affordability.
Showing 361–380 of 395 · page 19 of 20
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