The stagflation myth

Via Dean Baker, Robert Samuelson declares - as a simple fact - that
Johnson's economic policies, inherited from Kennedy, proved disastrous; they led to the 1970s' "stagflation."
Wow. I didn't know that. Neither, as far as I know, did any economist who has actually studied the issue.
Seriously, this is a standard bit of conservative [...:]
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Published on June 03, 2009 01:46
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