I think the Iran war is a huge mistake, but Americans’ obsession with gas prices is weird and counterproductive. Also, the president in normal times has basically no control over them.
The price mechanism is one of the neatest and most prosperity generating bits of economics. And one of the most emotionally disliked by humans right across the political spectrum.
@scottlincicome The downstream layoffs are spread over hundreds of factories. It’s a lot easier to send a news crew out to a closing steel mill to do 50 interviews at once.