The most obvious answer might seem to be any prominent 21st century critic of the Federal Reserve and federal government, but many if not the vast majority of those have spent the past year, indeed the prior decade and more complaining about runaway inflation and dollar destruction sure to be unleashed by those government agencies doing too much. Since neither of those things ever happened, the public is, by process of eliminating suspects from an-all-too narrow suspect list, “stimulus” policies have to be either just good enough or verging on too good.
There had been a boom somewhere in there before COVID, right?
The questioned quotation was spoken during the 1936 Presidential Election. Republican nominee Alf (not a 1980’s TV fiction) Landon ran his campaign on a platform of, asking sincerely, where’s the damn recovery? Read more…..
Chart of the Day
A conversation with Jack Ma, Founder and Executive Chairman of Alibaba Group, on leadership, entrepreneurship and the future of commerce.