Posts Tagged ‘Ronald Reagan’

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    Election Economics: More of the Jobs Story

    Sep 3, 12 • 125 Views • Behavioral Economics, Businesses, Economic Debates, Economic History, Households, Labor, Macroeconomic Measurement, Uncategorized, US Presidential ElectionNo Comments

    Here are some jobs facts that might be helpful when you listen to the candidates. During 1933, the unemployment rate was a cataclysmic 24.9%. Having entered office that year, FDR was re-elected in 1936 with unemployment still soaring but better at 16.9%. The...

  • Are We All Keynesians?

    Dec 15, 09 • 115 Views • Thinking EconomicallyNo Comments

    According to the Yardeni newsletter, in 1965, A Time Magazine cover story was titled, “The Economy, We Are All Keynesians Now”. Even Milton Friedman was quoted as saying, “We are all Keynesians now.” (which he later corrected as having...