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Casey at the Bat

Our other economic superstar, Casey Mulligan, hit it out of the park on Wednesday with his piece co-authored in the WSJ with former Trump chief economist, Kevin Hassett.

The piece shows the far superior trends on the economy under the Trump Administration than under Biden’s. Somehow the Nobel prize-winning economists who keep touting Bidenomics are so caught up in politics that they forgot their Econ 101.

Here’s a brief excerpt:

Four years ago, we published a study with Tim Fitzgerald and Cody Kallen comparing the economic effects of Mr. Biden’s agenda with Mr. Trump’s…The scenario closest to the policy changes made over the past four years focused on expanded health-insurance benefits, a range of green energy policies and a return of the other regulatory policies to what they were under Barack Obama.

The nearby chart shows what actually happened to inflation-adjusted real employee compensation per person 16 or older…Although we don’t know for sure what would have happened if Mr. Trump had begun a second term in 2021, our chart shows a linear trend from the first quarter of 2017 through the fourth quarter of 2019. The trend is a good model of what happened after the second full quarter of the pandemic into late 2021.

Here is the chart, which should be familiar to HOTLINE readers:

How the Nobelists can conclude that Biden admin policies are superior to Trump’s is beyond our pay grade.

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