May 6, 2012
As Garrett Jones points out, it helps demonstrate credibility, which incidentally, is good economic policy: . . . in the 70′s, Fed officials always said they were going to fight inflation right after they got back from lunch, as Hetzel showed in his excellent history of Fed policy. Since politicians and bureaucrats can rarely sign real contracts, [...]
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May 5, 2012
So, commenting on yesterday’s disappointing job numbers, Mitt Romney said that we should be creating 500,000 jobs a month. People like Paul Krugman jumped on the comment, and remarked that it proved that Romney knew nothing about employment rates or the economy in general. Funny. I don’t recall them saying or writing such things when someone [...]
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