Why Krugman Should Not be Surprised

Paul Krugman makes a good point comparing the economy's performance under President Reagan and Obama. He shows the path of unemployment was actually worse under Reagan than Obama. This is to show there is no real basis for praising the Reagan record. Krugman then concludes the piece by saying, "anyway, I’m surprised that this chart isn’t more widely discussed."

Actually there is a good reason the record is not more widely discussed. The employment to population ratio is still much lower now t...