US Economic Policy - Liberal vs Conservative

Miscellaneous History
1

This picture seems to imply that socialist measures lead to economic growth (confusing correlation with causality):

What’s the real explanation?

2

Here is the explanation:

3

It does not imply anything but that the Clinton years and arguably the Carter years were superior to the GOP presidencies.

4

  1. Policy time lags.

  2. The reliability of the growth metric.

-Jon

5

The truth is that Clinton was in the office at the right time. He inteferred less than his predecessors and followers. The image implies that whether the wrapper is red or blue, it’s full of sh*t on the inside.

6

This post might help explain Clinton era economic prosperity.

7

Clinton Era Prosperity = Freer trade and higher monetary growth rates than ever before.

2001 Recession = Clinton/Greenspan legacy.

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