CAMBRIDGE – Under President Joe Biden, the US economy has performed much better than virtually anyone predicted. And yet voters seem not to realize it – an apparent puzzle that has been much discussed lately.
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Pinelopi Koujianou Goldberg traces the roots of dissatisfaction to advanced economies' use of bodies like the World Trade Organization. In fact, this disconnect between popular perception and economic performance is nothing new. Since World War II, the US economy has consistently done better during Democratic administrations, yet a large share of Americans – possibly even a majority – believe that Republicans are better........