New York Times: Can a President Tame the Business Cycle?
Today, Americans save less and earn a lower minimum wage — in real, or inflation-adjusted, terms — than at nearly any other time since 1950. Can voters reasonably expect these and other indicators to change significantly after a new president takes office in January?
Check out the nifty interactive graph. Unfortunately, the graph doesn't indicate where the ups and downs in the business cycle are. I think the answer to this post's question is "no."
Leave a Reply