Financial Times FT.com

Back to 'the economy, stupid'

By Edward Luce

Published: January 30 2008 02:00 | Last updated: January 30 2008 02:00

The issue of economics is not something I have understood as well as I should - John McCain, Republican presidential hopeful

In many electoral cycles, Senator McCain's recent remark may have passed unnoticed. But in an election year when most Americans believe they are already in recession, he was advised promptly to read the book by Alan Greenspan, former Federal Reserve chairman, that he said he was carrying around.

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