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Krugman Gets Something Right

Original newz story - Click here

There is a lot of nonsense around a key point he makes in the post, Presidents and the Economy, and I am ignoring it, but Krugie is correct when he writes:

After I put up my post comparing private-sector jobs under Obama and Bush, a number of people asked me whether I believe that presidents have a large effect on economic performance. My answer is no…To expand on my own views, in normal times the economy’s macroeconomic performance mainly depends on monetary policy…

  –RW