The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax reductions, that may help lower prices in some sectors and spur economic growth. However, the GOP platform does not address how the Federal Reserve’s enabling of spendaholic politicians contributes to price inflation.

The GOP’s apparent desire to increase military spending is a disappointment to those of us who hoped the increased skepticism of foreign intervention among Republican voters would dampen Republican enthusiasm for the military-industrial complex. The platform also opposes any reduction in Social Security and Medicare. So, the “fiscally responsible” Republicans want to increase spending on one of the largest items in federal spending (“defense”) while opposing cuts in two others (Social Security and Medicare). Interest on the national debt, another of the top spending items, will continue growing under a Republican government. The only way Republicans may look like champions of small government is by comparison with the Democrats.