On Presidential Candidates And Economic Policy Claims
Dear readers, this now-retired economics professor (who also taught finance in my last two decades in the classroom) always spent a few minutes in the fall of election years reminding my students of a lesson in introductory macroeconomics: presidents in the United States have only partial control over fiscal policy (taxing and spending) and absolutely NO control over monetary matters. The latter is the work of an independent central banking system, the Federal Reserve.