Metrics - Can a President Tame the Business Cycle? - NYTimes.com:
Presidents are usually ascribed or take far too much responsibility or too much credit for the economy and business cycles. The reality is they are not in control of the economy, but voters believe otherwise. Unfortunately, perception is reality in politics
"As important as the economy may be for voters when they go to the polls, many economists contend that presidents have little power over general economic performance during their terms of office, even though some things, like the minimum wage, are set by the government."
No comments:
Post a Comment