This remains quite the conundrum. It’s clear that high prices (which remained elevated despite inflation coming down) was a big reason for Harris’s loss. But why wasn’t it a big factor for a red wave in 2022? Prices were high and inflation was soaring even more so then. In my view, it has to do with lower propensity / lower info voters showing up in a general 2024 as opposed to a midterm 2022 election. (1/2)