In the early days after Obama’s inauguration, there were many who saw the president as the new FDR. But is the Hoover reference an easier sell in the current climate? It is if you look through the prism of monetary affairs, according to one dismal scientist.
Daily Archives: August 16, 2011
The Politics Of Economics
Texas Governor Rick Perry is running for president and is eager to take credit for his state’s relatively strong economic performance. But just how much accountability should we assign to politicians for economic outcomes? The answer is sure to be warm and fuzzy, reflecting the strange intersection of politics and economics. Rightly or wrongly, politicians usually receive the blame for their cities, states and countries when the economy suffers. Shouldn’t they also enjoy some of the glory in the good times?