William Nordhaus coined the term “political business cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.Original article: <a href="https://mises.org/mises-wire/political-business-cycle-50-years-later" target="_blank">The Political Business Cycle 50 Years Later</a>

William Nordhaus coined the term “political business cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day. Original article: The Political Business Cycle 50 Years Later

William Nordhaus coined the term “political business cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.Original article: <a href="https://mises.org/mises-wire/political-business-cycle-50-years-later" rel="noopener noreferrer">The Political Business Cycle 50 Years Later</a>&nbsp;&nbsp;&nbsp;&nbsp;

The Political Business Cycle 50 Years Later

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The Political Business Cycle 50 Years Later

The Political Business Cycle 50 Years Later