Do you remember the economy of the late 1990s?
Or if you’re too young to remember it — I hope that’s true for at least some of my readers — what have you heard about it?
You probably remember it as a time of prosperity — low unemployment and rapid economic growth combined with low inflation — marred by irrational exuberance in the stock market.
What you might not realize is how closely the economy of early 2024 resembles that of the late Clinton years.
Notably, unemployment is actually a bit lower now than it was at the end of the roaring ’90s:
Persons:
Clinton