Americans should be reassured by high prices, apparently. Does Trump's team really think we're that stupid?
According to chief economic adviser Kevin Hassett, living in the world’s richest superpower and witnessing food, electricity and housing become luxury items is a good thing
TL;DR
- Kevin Hassett, Trump's chief economic adviser, stated that high prices are a good thing.
- This is despite a record low in the University of Michigan's consumer sentiment index.
- Hassett suggested that the consumer sentiment index is biased and reflects anger at Trump, not economic reality.
- He framed increased spending on gas and other goods as a sign of optimism.
- The article criticizes this viewpoint, questioning the intelligence of the intended audience.
- It also references past statements by Trump and Marco Rubio regarding the economy and public finances.