Thursday, May 17, 2018

No, the Nixon Shock

America’s Dismal Turning Point By Paul Krugman

Paul making some fiction the we turned in 1980, at the inflation peak. But as I point out the inflation peak appears properly in a fiscal shock from 1973, stretching out to 2008.  Reagan entered the presidency with chaos already peaking, Nixon had already nuked the system. Hopefully, Trump will do more opportunistic nuking of the financial system..


No comments: