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@ Undisciplined
2025-05-10 14:49:46
The Political Business Cycle 50 Years Later
https://mises.org/mises-wire/political-business-cycle-50-years-later
By Dale Steinreich
> 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.
Some neat modelling leads to the following hypothetical outcome:
originally posted at https://stacker.news/items/976531