Economic Thoughts About Presidential Relaxation

In the Great Recession (Bush) and the Panic of 1907 (Roosevelt), we saw that the U.S. President need not appear to be running monetary and fiscal policy.

The Opportunity Cost of Presidential Relaxation

Talking about presidential relaxation, financial historian John Steele Gordon reminds us that not so long ago, a President could have been unreachable. When the financial panic of 1907 struck, because Theodore Roosevelt was off hunting bears in the Louisiana wilderness,…