Let’s look at Paul’s Econo-Political Crystal Ball:
2022
In the last two months, US inflation growth has slowed.
Monthly US inflation rates will stay about the same for another month or two, without going up much.
Americans will most likely vote Republicans into US House and (maybe) Senate majorities in November 2022.
2023
Monthly inflation rates will go down as global supply rises to match global demand.
The Republican Party (GOP) will try to take credit for the 2023 decline in inflation.
However, Republican Party legislators won’t propose laws that might reduce inflation.
Why? Two reasons, one is: the current type of inflation has nothing to do with anything anyone in Congress does. (I explain the second reason below.)
2024
Republican legislators and party leaders won’t do anything to improve the US economy.
Why? The GOP goal is to make economic life in the US as miserable as possible from 2023 through 2024.
Why Won’t GOP Reduce US Economic Misery in 2023-2024?
If Americans are economically miserable in November 2024, they will be more likely to vote for a Republican president in November 2024.
After winning majorities in the US House and Senate in November 2022, the GOP goal will be to win the White House in November 2024.
What Caused the Surge in Global Inflation?
During the 2020-2021 global Covid pandemic, both demand and supply plummeted. That created a massive recession.
Prices for goods and services dropped drastically — because demand for goods and services was very low during the pandemic’s worst period.
Supply was also very low, but because demand was low, there was no high inflation.
Although both were very low, supply and demand were in balance during 2020-2021.
In 2022, demand came back as the pandemic eased. But supply takes longer to come back up. Supply has not yet returned to pre-pandemic levels. But demand is very high, resulting in higher costs.
Supply and demand have been out of balance through 2022. Low supply and high demand always make the things in demand more expensive.
Bottom Line
Now you know the Republican Party plan for the American economy between now and November 2024.