Friday, April 01, 2016

Shifting the window

The Wall Street Journal's Daniel Henninger expressing dismayed admiration for how Barack Obama got the Republicans fighting each other into a Trump-Cruz standstill, and wondering why the Reagan vision doesn't sell any more --

Archaic footnote: Reaganomics produced an historic economic boom, for everyone, from 1983-90.

He never stops to consider why, for his own sales pitch on Reagan, he has to drop the first three years of his presidency, and add two more at the end. It's because he's doing a classic fallacy of economic cycle comparison, trough to peak averaging. 

No comments: