Trump’s pipe dream: slashing energy prices by half

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At a campaign rally, former President Trump said he’s committed to slashing energy prices by at least half in a year (or at the latest 18 months). We’ll explain why it’s a pipe dream. And, Vice President Kamala Harris is expected to propose the first-ever federal ban on corporate price-gouging in the food industry. But where’s the line between price-gouging and setting prices at market value? We’ll get into it. Plus, the latest data breach making headlines and a potential fix for the hassle of canceling unwanted subscriptions.

Here’s everything we talked about today:

• “Trump wants to bring down energy prices — why that’s not easy” from Yahoo Finance
• “FTC to investigate high grocery prices” from Marketplace
• Margins by Sector (US) from the Stern School of Business at New York University
• “Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries” from CNBC
• “Biden admin wants to make canceling subscriptions easier” from Axios
• Fact Sheet: Biden-Harris Administration Launches New Effort to Crack Down on Everyday Headaches and Hassles That Waste Americans’ Time and Money from The White House

Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.