All Commentary
Tuesday, October 4, 2011

Americans Not Better Off, Obama Concedes

“The president said yesterday that the American people are not better off than they were four years ago — the test Ronald Reagan famously used to defeat incumbent Jimmy Carter in the 1980 presidential election. Obama, however, said the reason is the financial meltdown that happened before he took office” (USA Today)

Had he dropped the Keynesian dogma, we would have been better off.

FEE Timely Classic
“Inflation and Unemployment” by Hans F. Sennholz