Mises Institute Election Fallout: Is Inflation Radicalizing Our Politics?
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Nov 6, 2025 In this engaging discussion, Tho Bishop, a contributing editor at the Mises Institute, and Connor O'Keefe, who analyzes legal and economic aspects of current events, dive into the recent off-year elections. They explore how economic populism is influencing voter sentiment, particularly the focus on affordability and inflation. The duo also critiques the failure of right-wing economic messaging and the generational crisis of housing affordability. Plus, they discuss the erosion of political norms and how it may shape future election outcomes.
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Local Elections Mirrored Broader Partisan Trends
- Off-year state and local elections largely reflected expected partisan trends, with notable attention on New York City and Virginia outcomes.
- Tho Bishop and Ryan McMaken argued economic concerns and turnout amid a government shutdown magnified those predictable results.
Economic "Golden Age" Is Illusionary
- Labor-market indicators and private surveys show weakness despite administration claims of a "golden age."
- Rising layoffs, higher delinquencies, and collapsing first-time homebuyer share signal real economic distress.
Affordability Drove Voter Behavior
- Economic populism and affordability framed the NYC mayoral race more than ideology.
- Connor O'Keefe emphasized that affordability remains the central kitchen-table issue driving voter behavior.