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Reason
Reason
Politics
Ilya Somin

Inflation, the Economy, and Political Ignorance

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Inflation and high prices have emerged as major issues in the 2024 presidential election. Public anger over these issues—and the general state of the economy—may be the single biggest obstacle to President Biden's reelection chances. A recent Harris poll commissioned by the Guardian finds that public attitudes on inflation and the state of the economy are heavily influenced by ignorance. While there really was a big increase in inflation in 2021-22, the current state of the economy is much better than most voters believe:

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