In economics as in life, success sometimes lies in knowing when to discard previous victories. I have in mind something called “political business cycle theory.”

Political business cycle theory postulates that elected officials will use monetary and fiscal policies to try to swing elections in their favor. While they do not usually control the money supply, they can pressure central bank officials toward that end.

QOSHE - Politicians Can’t Rig the Economy Like They Used To - Tyler Cowen
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Politicians Can’t Rig the Economy Like They Used To

27 0
08.01.2024

In economics as in life, success sometimes lies in knowing when to discard previous victories. I have in mind........

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