“It is extraordinarily rare for a country to be able to reduce inflation without creating a recession, but the Biden administration has managed to do so, producing what economists call a ‘soft landing,’ rather like catching an egg on a plate. As Bryan Mena of CNN wrote today: ‘The US economy seems to have pulled off a remarkable and historic achievement.’”

https://heathercoxrichardson.substack.com/p/october-30-2024

#economy #economics #inflation #election #elections #election2024

October 30, 2024

On Friday, October 25, at a town hall held on his social media platform X, Elon Musk told the audience that if Trump wins, he expects to work in a Cabinet-level position to cut the federal government.

^{Heather Cox Richardson (Letters from an American)}