Economic Policies and Their Effects on Costs and Coverage
Nov, 26 2025
In a separate economic context, the implementation of price controls during natural disasters has sparked debate regarding their effectiveness. While intended to prevent price gouging, these controls can lead to supply shortages, as seen in historical examples like the 1906 San Francisco earthquake. Critics argue that allowing market prices to adjust can facilitate recovery and ensure essential goods are available when demand surges. They suggest that direct financial assistance to individuals may be a more effective response during crises.
Additionally, the cost of Thanksgiving meals has risen sharply, with turkey prices increasing by 40% this year, largely due to avian flu outbreaks. The Trump administration's reduction of scientific personnel in agencies like the Centers for Disease Control and Prevention (CDC) and the Department of Agriculture has hindered effective monitoring and response efforts. Prices for traditional side dishes have also escalated, attributed to the consolidation of market power among large corporations following the rollback of anti-monopoly regulations.
Tariffs imposed by the Trump administration have further exacerbated costs for imported goods, which are vital for many Thanksgiving meals. Approximately 60% of fresh fruit and 35% of fresh vegetables consumed in the U.S. are imported, making them vulnerable to price increases. The agricultural sector has also faced challenges, including a 6.5% decline in employment due to stringent immigration policies, leading to labor shortages and disrupted supply chains.
Moreover, cuts to food assistance programs have intensified food insecurity, particularly during a season traditionally associated with abundance. These reductions have been made to fund tax cuts benefiting wealthier individuals, raising questions about the equity of current economic policies. The overall increase in grocery prices, driven by these policy failures, affects all consumers, highlighting the need for a more equitable approach to economic governance.