TOTM

Keith Hylton on Fred McChesney

The last time I saw Fred McChesney was at a conference at Notre Dame where we both spoke, three years ago. We laughed heartily about how the stock market fools political observers. When a presidential candidate who will do terrible things to the economy is running, the stock market will tank as he appears to gain credibility as a successor, leading journalists and voters to blame the incumbent president for the market fall.

Read the full piece here.