Is the economy booming?  Economist Alan Blinder recently argued that the economy is strong despite many Americans’ claims to be struggling.  Paul Krugman believes that claims of malaise reflect Republican hostility to President Biden, not reality. Do the numbers validate the lived experience of struggling Americans? Statistics, at best, reflect averages across the economy. Life was not bad for my grandmother during the Great Depression as my grandfather was a captain in the Dearborn Fire Department and never lost his job. Businesses can fail as the economy booms. Surveys reflect many America...

1 year ago

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