Paul KrugmanRelevant to yesterday's report on wages: in 2018-19 AHE grew 3.1%, core prices 1.9% 1/
Over the past 3 mos, wages growing 4.1%. Underlying inflation now under 3? Wait for more data, obv, but looking shockingly good 2/
nhb@pkrugman under Biden, and Democratic Presidencies we consistently see jobs, growth and progress—even as they clean up after Repubs’ recessions, deficits and wealth disparities
ArtSrcI would expect, all else being equal, a smaller deficit to reduce employment, especially in the story term. Although an increase in employment would also shrink the deficit.
Attributing economic fortune and the business cycle to the colours of the leader seems medieval to me. Did only the leader matter? What about the Congress or Senate?
What actual policy and action delivers outcomes?