[astrange]

I'm sure they do but you can't lower the general price level without the economy imploding because everyone's in too much debt. Imagine if you just bought a house and then housing prices halved - your loan balance is now twice the value of your house.

You could just declare all nominal prices 100x lower and make everyone rewrite their loan contracts, it'd make the penny useful again too, but the best approach is to just wait until expectations reset or voters find a new thing to get mad about.

(Prices can go down in some sectors, like food/oil/technology; nobody really has a good explanation for when this is safe and when it isn't.)

Also, in this case the guy who got elected was running on explicitly inflationary policy - low interest rates, tax cuts and tariffs. Though I don't think voters knew that.