Is Alan Blinder Wrong About U.S. Presidents & Growth?

Is Alan Blinder Wrong About U.S. Presidents & Growth?
AP Photo/Andrew Harnik

I have always believed that the party of the president should be relatively irrelevant for growth. Economic theory suggests that economic growth is affected by a myriad of factors, many of which are outside of the president's control. Hence, I believe that Blinder's fact tells us nothing about the effect of the party of the president on growth.

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