Though he promised to lower costs on Day 1, Trump remains just as beholden to the laws of supply and demand as his predecessor.
by Joe Lancaster
Reason.com
When President Donald Trump won a second term in November, the economy topped most voters’ concerns. Many felt the pain of higher prices, and they voted with their wallets.
Trump talked repeatedly about runaway grocery prices during the campaign, pledging that if elected, paying over $4 for a carton of eggs would be a thing of the past. “When I win, I will immediately bring prices down, starting on Day 1,” he pledged.
But after winning reelection, Trump shrugged that it would be “hard” to bring grocery prices down “once they’re up.” Now, just days into his new administration, egg prices remain high and are likely to go higher. As it turns out, anyone who cast their vote thinking the president could unilaterally change grocery prices was buying into a fantasy.