Thursday, May 31, 2012

"He's No Carter"


http://fivethirtyeight.blogs.nytimes.com/2012/05/30/economically-obama-is-no-jimmy-carter/

This blog shows a very interesting comparison of the economy from the Carter years and now - and thank goodness, it's not anything like as bad as it was then. 

A really interesting stat is the 15% inflation in conjunction with the very low consumer demand, which I suppose implies it was all about the monetary policy.  

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