1. Enforce no-hoarding by businesses to release inventory into markets. Hoarding leads to price increases.
2. Expand infrastructure (in progress) to alleviate bottlenecks in the supply chain
3. Remove some of the not-so-smart tariffs instituted by the previous administration. Import tariffs are paid by, well, importer which leads to price increases.
4. Instead of continuously selling oil from reserves to foreign governments, keep some at home and release continuously to keep energy prices low. Energy cost is the single most important factor in consumer prices (because it takes energy in form of various fuels to: cool, transport, etc)
5. Break down monopolies that stifle innovation and lead to increase in value extracting behaviors by monopolists, instead of real innovation and new business formation.
6. Create new business federal subsidies of some sort?
7. Criminalize scalping (as is done in some countries)
> The average hourly wage for production and non-supervisory workers is up 5.8 percent over the last year. Itβs up 10.3 percent if we want to go back two years.
> The increases are even larger towards the bottom end of the wage distribution. The average hourly wage for non-supervisory workers in restaurants has risen 12.4 percent over the last year and 13.5 percent over the last two years.
This is pretty substantial.
But it even goes further than this, because what policy tools does the government have on-hand to curb inflation besides raising interest rates until they induce a recession, and won't this be much more harmful to a normal family's bottom line than inflation is?