The media simply does not understand Econ 101.
Economics are part of our life. We try to treat them separately, like over there is the economy and here is history. Econ affects history and history often doesn't get it right if it doesn't respect econ.
You read [Bill ] Maher's book, and he didn't take Econ 101. All his arguments about gasoline, it's not that they're right or wrong - they're just not informed.
Coolidge thought budgets were virtuous. He had his econ straight. He didn't just cut taxes, he also cut the budget.