How Presidential Policies Affect Prices: Tariffs, Price Control, Immigration and More

Oct 10, 2024

Derek Stimel, an associate professor of economics at UC Davis, joins the discussion to unpack how presidential policies influence everyday expenses. They delve into how tariffs can spike the cost of imported goods and the significant role immigration plays in labor costs and wages. Understanding inflation is key, as they explore its measurement and driving factors. They also critique the effectiveness of campaign promises on prices and examine the broader impact of economic policies on gas and grocery prices.

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Intro

00:00 • 2min

Exploring Presidential Influence on Consumer Prices and Inflation

02:01 • 6min

Economic Policies and Gas Prices

08:01 • 8min

Price Gouging and Economic Policies

15:47 • 8min

Presidential Influence on Economic Policies and Local Elections

23:51 • 3min

Learn how presidential policies on tariffs, immigration, and prices can impact your everyday expenses like groceries and gas.

What can a president actually do to lower prices and fight inflation? Can campaign promises really impact your wallet, or are they just political hot air? Hosts Sean Pyles and Anna Helhoski discuss presidential policies and how they affect everything from the cost of gas to your grocery bill to help you understand the real impact of political decisions on your finances. They begin with a discussion of inflation, with tips and tricks on understanding how inflation is measured, what drives price hikes, and what role the president plays in influencing it.

Then, Anna talks to Derek Stimel, an associate professor of teaching economics at UC Davis, about the economic implications of tariffs and immigration policies. They discuss how tariffs raise the price of imported goods, how immigration impacts labor costs and wages, and what these political policies mean for your everyday purchases.

Stay up to date on the latest financial news by visiting NerdWallet’s Financial News Hub: https://www.nerdwallet.com/h/news/financial-news

In their conversation, the Nerds discuss: inflation, gas prices, grocery prices, presidential policies, price gouging, campaign promises, tariffs, housing prices, lowering inflation, food costs, how presidents affect inflation, impact of tariffs, rising prices, how to reduce inflation, economic policy, cost of living, presidential election impact on economy, Federal Reserve, interest rates, macroeconomics, energy costs, labor costs, wages, supply chain issues, grocery store prices, price hikes, government spending, immigration policies, taxes, high inflation causes, price control, real estate market, debt and inflation, how tariffs work, price increases, affordable housing, consumer prices, cost of goods, natural gas prices, economic recession, and job market trends.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

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