Paul Krugman sums up why Trump won the election

>The question is, will voters who backed him because they believed his promises on prices turn on him when he fails to deliver, and actually drives prices up with tariffs?

>I wish I had any confidence that they will. People dislike inflation, but they really, really hate admitting that they were fooled.

>In fact, I hope someone doing surveys after Trump takes office will ask Trump voters two questions: Did he promise to lower prices? Did he succeed?

>My prediction is that substantial numbers of voters will either deny that Trump said he would reduce prices or insist that prices are down even if they aren’t.

https://paulkrugman.substack.com/p/will-trump-be-called-on-his-inflation?utm_source=multiple-personal-recommendations-email&utm_medium=email&triedRedirect=true

Voters have ensured that the government will not open the purse strings to help tax payers when there is an economic downturn.

Inflation = incumbents lose, even during historically low unemployment

The next recession is going to hurt a lot. Expect unemployment we’ve not seen in decades