Egg prices have surged to an average of $4.95 per dozen, doubling from the previous year and causing political concern among Democrats. Economist Larry Summers indicates that these rising prices could be an early warning sign of broader inflation issues due to mismanaged economic policies. Additionally, the USDA reported layoffs among workers responsible for controlling avian flu, which has significantly affected poultry supplies, making the situation worse. The interplay of tariffs and reduced immigration under the current administration further complicates the economic landscape.
Egg price excitement is a harbinger of more things to come in an economy being mismanaged.- Lawrence H. Summers
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