PROSPER WEEKLY

In this Thanksgiving edition of The Big 3, CPA economists Mihir Torsekar and Andrew Rechenberg serve up a timely discussion on tariffs, food prices, and trade data—offering listeners plenty to chew on before the holiday. The team kick things off with a new study from the San Francisco Fed showing that tariffs are not the inflation-causing culprit many economists claim. In fact, across 150 years of U.S., UK, and French economic data, tariffs were found to have disinflationary effects. The hosts note that while tariffs can cause slight price changes, the real drivers of today’s cost-of-living pressures lie elsewhere: housing shortages, rising electricity demand, and food supply constraints.