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The problem is the term.
Politicians and pundits talk about the economy referring to the stock market.
Citizens talk about the economy referring to the supermarket.
The US government can only directly affect the former, and most of our nation just can’t comprehend that.
Nixon attempted to freeze grocery prices for 90 days with an Executive Order. It resulted in emptying grocery stores and record inflation when the order expired. It was called the “Nixon Shock.”
https://en.wikipedia.org/wiki/Nixon_shock
If you want the government to control the price of food, then you should probably move to a communist nation.
https://www.nytimes.com/2008/04/07/business/worldbusiness/07iht-controls.4.11735373.html
Don't threaten me with a good time. /s
JK. The US being the US they'd immediately turn into north Korea before adopting real communist policies.
Uh, North Korea is very much not a communist country. It’s a totalitarian state whose name says they’re a “democratic republic”, and whose leadership claim is a flavor of communism, but it is absolutely nothing of the sort.
Edit: yeah whoops, I munged the semantics of your comment
That was my point. Most countries that try to become communist start off as soviet and then collapse into totalitarian dystopias because they consolidate too much power into the state and don't have enough safeguards to prevent overreach. Russia did the same after the revolution. Enacting democratic votes and then ignoring them because communism wasn't popular for the masses. It's a fundamental problem.