Sunday, May 13, 2012

Negative  

Paul Krugman, a Economist, argues that Ronald Reagan was not the reason of economic expansion. He believes it was just the business cycle doing its work because the economy was bound to get better sometime. In the beginning of Reagan's presidency, the interest rates raised and there was a short deep recession. The value of the dollar raised, which made things more expensive to sell abroad and exports decreased. 

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