Word: economisters
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...world - will only help it slide into one [March 24]. While shopping might become quicker and more convenient, what about the jobs that will be lost? Companies will make more money without needing to pay as many employees, but will that really make the world better? I'm no economist, but I feel it will just make the rich richer. Jeff Richmond, Monrovia, Maryland...
...service will only help it slide into one [March 24]. While shopping might become quicker and more convenient, what about the jobs that will be lost? Companies will make more money without needing to pay as many employees, but will that really make the world better? I'm no economist, but I feel it will just make the rich richer. Jeff Richmond, MONROVIA...
...boys and girls--economics may be complicated, but it's no more complicated than the laws about campaign-spending limits or the mathematics of Democratic Party superdelegates, all of which you handle with ease. We all know about the economist who predicted nine of the past five recessions. But you don't want to miss this one. It's going to be a whopper...
...Economist Milton Friedman argued--and eventually convinced most of his colleagues--that it was the Fed's failure to keep enough dollars in circulation that made the Great Depression such a great disaster. No Federal Reserve chairman will ever let that happen again, so we probably shouldn't worry too much about bread lines and Hoovervilles in the near future. But the money supply is a blunt instrument, one that comes nowhere near addressing all of today's problems. "The issue is not one of liquidity but one of solvency," says Richard McGuire, a strategist at RBC Capital Markets...
...comfortable. "The best-case scenario is a mild recession and a slow recovery with mildly elevated inflation," says Harvard professor Kenneth Rogoff, a former chief economist at the International Monetary Fund. "That's the best outcome we can hope for at this point." Rogoff is a co-author, with the University of Maryland's Carmen Reinhart, of a much discussed new paper that surveys the five worst rich-country financial crises since World War II, and he finds alarming parallels to the current U.S. situation. Those crises all brought economic downturns that, while much milder than the Great Depression, were...