A superbly succinct piece with a lesson that is as relevant now as it was then. Should be compulsory reading for everyone who thinks they know what the Fed should do, which is pretty much everyone on both sides of the Maga divide.
The great ideas of domestic policy in the 1980 election were Milton Friedman's book and TV series "Free to Choose" and Jude Wanniski's book "The Way the World Works" (my favorite is the chapter "The Electorate Understands Economics".
The great ideas of the 1994 congressional elections were in Newt Gingrich's Contract with America.
Other elections in the past 5 decades were shallow in comparison.
Appreciate the history. Not sure if reporters negative on the White House influencing the Fed is analogous to reporters being against interest rate cuts.
A superbly succinct piece with a lesson that is as relevant now as it was then. Should be compulsory reading for everyone who thinks they know what the Fed should do, which is pretty much everyone on both sides of the Maga divide.
The great ideas of domestic policy in the 1980 election were Milton Friedman's book and TV series "Free to Choose" and Jude Wanniski's book "The Way the World Works" (my favorite is the chapter "The Electorate Understands Economics".
The great ideas of the 1994 congressional elections were in Newt Gingrich's Contract with America.
Other elections in the past 5 decades were shallow in comparison.
Appreciate the history. Not sure if reporters negative on the White House influencing the Fed is analogous to reporters being against interest rate cuts.