Why won’t anyone believe Paul Krugman’s economic optimism?
Liberal economist Paul Krugman has been fretting for a while about the disconnect between the public’s negative perception of the economy and the positive reality of stunningly low unemployment rates, rising wages, and significant economic growth. In describing the U.S. economy, he recently wrote, “But one thing is clear: We have been remarkably successful, even if nobody will believe it.
In 1980 it stood at only 25%The congressional hearings led by Senator Frank Church in 1975 further eroded faith in government. Those hearings revealed political dirty tricks conducted by U.S. government agencies, including assassination attempts on foreign leaders and the illegal monitoring of American citizens in the United States. Among the targets were Supreme Court justices, reporters, government officials, and political activists.
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