Why Americans pine for the Trump economy
In the years following Ronald Reagan’s presidency in the 1980s, many Americans came to regard inflation as the economic equivalent of smallpox: a scourge largely eradicated. It wasn’t, obviously. After a 30-year dormant period, inflation reemerged in 2021, becoming the biggest challenge of Joe Biden’s presidency. Inflation has now dropped far below its 2022 peak, … Read more