Economic Insights for Trump from Reagan’s Playbook

On Monday, economist Steve Moore suggested that President Donald Trump could ease voter concerns about rising prices by adopting a strategy similar to that of former President Ronald Reagan.

Trump recently pointed fingers at President Joe Biden regarding the spike in prices, labeling it as a potential affordability crisis. During an appearance on Kudlow, Moore emphasized that Trump should channel Reagan’s approach from the early 1980s, a period marked by stagflation and public anxiety before tax cuts brought relief.

“I’m glad to see Donald Trump making his case. It’s relevant to you and Arthur,” Moore told host Larry Kudlow, advocating that Trump should convey a straightforward message about positive changes that can make life better. He noted, “What Arthur has pointed out is a remarkable seven-year economic boom. That’s exactly the sort of narrative Trump needs right now.”

Moore maintained that voters are more affected by their experiences at the grocery and gas stations than any technical economic explanations.

“I’ve mentioned this before, but it’s worth repeating: 88% of the price hikes we’ve experienced since the onset of COVID-19 have occurred under Biden’s administration,” Moore highlighted.

Moore noted that the public’s frustration with inflation largely stems from longstanding grievances with Biden’s administration more than from current policies.

“If you’re upset about inflation and the soaring costs of basics like beef or housing, Biden should be your target. Yet, as we saw in the previous November elections, perception often shapes reality,” he remarked.

Meanwhile, Trump has reframed the issue as a Democratic concern, even as Republican leaders reconsider their strategy after inflation played a role in a significant Democratic win in November 2025. In light of this, White House Deputy Chief of Staff James Blair conveyed to Politico that the president acknowledges the economy’s turnaround will require time but sees foundational elements in place.

Radio host Hugh Hewitt suggested that focusing on everyday costs and energy prices could help the party, observing that rising domestic production is starting to reduce fuel prices nationwide.

“If the message is that ‘affordability decides elections,’ then Republicans may have the upper hand next November,” Hewitt said, pointing out that energy policies are crucial to price stability.