Source: Cato Institute
by Ryan Bourne & Nathan Miller
“In reaction to Mamdani’s success, some Republicans want to carve out their own affordability policy offer. Tyler Cowen has a good piece in The Free Press that warns about the consequences of both parties rushing headlong into fighting on this ‘affordability politics’ front. He is right, not least because the context has changed since I advocated for just such a focus. We’ve just lived through the sharpest burst of inflation since 1981, and inflation is still above target. Groceries (food-at-home) prices are up 30 percent since January 2020, having previously taken sixteen years to increase by that proportion. The pre-inflation price level is still recent enough that people remember how sharply prices have risen and hanker for those good ol’ days at the old price level.” (11/07/25)
https://www.cato.org/commentary/tyler-cowen-correct-risks-affordability-politics