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Opinion

Poor Consumer Confidence Is Due to the Wrong Policies

Surprised with low consumer confidence? Not really. Americans are increasingly struggling to make ends meet, and the government is to blame.
Poor Consumer Confidence Is Due to the Wrong Policies
People shop in a grocery store in Los Angeles on Oct. 12, 2023. Mario Tama/Getty Images
Daniel Lacalle
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Commentary

Consumers are unhappy with the U.S. economy, and it makes sense. Consumers in the United States survive on soaring credit card debt, while inflation, the hidden tax, weakening labor, and real disposable income figures prove that the economy is far from strong.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”