Word: economists
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Dates: during 1980-1989
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People like Lyle Gramley, a former Federal Reserve governor who is now chief economist for the Mortgage Bankers Association, praised the Fed chairman for his decisive actions. But critics like Paul Craig Roberts of Washington's Center for Strategic and International Studies charge that Greenspan also helped cause last week's market disaster. They note that back on Sept. 4, Greenspan's first important move as Fed chief was to push successfully for a hike in the bellwether discount rate, the interest that the Fed charges on funds lent to financial institutions, from...
...late economist Otto Eckstein, February...
Declaring, "no country can run a trade deficit forever," MIT economist Lester Thurow yesterday said Americans will suffer a sharp reduction in their standard of living due to the recent economic crisis...
...Remember Bangledesh has no problem with trade deficits, only their workers earn, in terms of the American dollar, 20 cents a day," the economist told an audience of executives at a computer conference at the Charles Hotel. He predicted an American shrinkage in standard of living, of about 8 or 9 percent...
Likewise, the MIT economist said that recent efforts by Congress and the President to balance the budget, without addressing trade imbalances, are economic palliatives which will further endanger the economy...