Trump’s pipe dream: slashing energy prices by half
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 15 August 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
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.
Transcript
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| 0:00.0 | All right. |
| 0:02.0 | Whenever. Whenever. |
| 0:03.0 | Shekira song. |
| 0:04.0 | Is that right? |
| 0:05.0 | See, I'm hip but I didn't even know it. |
| 0:07.0 | Me and jump around, baby. |
| 0:09.0 | Hey everybody I'm Kyle Rizdall. |
| 0:11.0 | Welcome back to Make Me Smart, where we make today makes sense. |
| 0:15.0 | And I'm Kimberly Adams. Thank you everyone for joining us. It is Thursday, August the 15th. |
| 0:20.0 | We are going to have a cup of coffee, and I'll take a sip while I'm here in the studio |
| 0:24.7 | and then we're going to listen back to some of the big stories of the week. |
| 0:26.9 | We've got audio clips lined up as we do on Thursdays. We are going to start |
| 0:31.5 | start off with a segment we are calling bonkers economic things that happen |
| 0:35.9 | on the campaign trail. Here is former President Donald Trump at a campaign rally in |
| 0:40.4 | Asheville, North Carolina, yesterday, Wednesday. |
| 0:43.8 | Under my leadership, the United States will commit to the ambitious goal of slashing energy |
| 0:49.1 | and electricity prices by half at least half. We intend to slash prices by half within 12 months at a maximum 18 months and if it doesn't work out you'll say oh well I voted for him I still got him down a lot |
| 1:09.5 | I intend to run a four minute mile and have a six pack of abs within a month and a half. |
| 1:15.0 | I mean, come on, man. |
| 1:18.0 | So look, first of all, I love the wiggle words, right? |
| 1:21.0 | Intent 2 and Plan 2 and Bl and blah blah that's number one |
| 1:23.4 | number two is how what are you kidding me stop just stop I will also say just in the... |
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