We might not be very good at solving problems in our economy, but we are great at inventing flashy terms that keep us from facing the problem. I can express the problem with an anecdote from my past. When I started working for an accounting firm in 1992, I went out to eat lunch in Westwood Village with my co-workers. We tried and usually succeeded in limiting the cost to $5.00 or less. A third of a century later, the cost of lunch has risen sixfold to approximately $30.00.

And what makes it worse, the food is nowhere near as good as it used to be.

Politicians talk of flattening the inflation rate. But even if they do so, the damage has been done. No one talks about rolling back prices. By relentlessly concentrating on the present day, they are ignoring the fact that the problem we are facing is not “affordability,” but poverty.

And this is what threatens the Trump administration. Our biggest danger is not our borders with our neighbors, but what we ourselves do (or neglect to do) within those borders.

The President can say that he has reduced inflation over a carefully selected stretch of time, but he has done nothing to enable the people who voted for him (and, more particularly, those who didn’t) to live better. Now he thinks that cash giveaways are the answer, even when the amount stated is too low. If your costs will balloon by $5,000 over the next year, what good will $2,000 do? Will he have to repeat the giveaway next year?

And given the present administration’s known problems dispensing cash, I foresee new opportunities for fraudsters.

I know that talking about economics is boring. Just consider this: When I retired in 2018, I thought I had enough in my pension that tide me over for 10-15 years. It didn’t. Next month, I will have to look into getting public assistance.