Word: economists
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...Katz is editor of The Oriental Economist Report and author of Japanese Phoenix...
About 1.4 million households used the credit between February (when the program was launched) and September. And from 350,000 to 400,000 of those transactions involved purchases that would not have been made without the credit, says Lawrence Yun, chief economist with the National Association of Realtors...
...Ominously for Beijing, the value of the RMB may be one of the few things the fractious American political class seems to agree on. Recently, Paul Krugman, the Nobel Prize-winning economist and columnist for the New York Times - and a steadfast Obama cheerleader - wrote a column ripping Beijing for its "outrageous" currency policy. He was followed late last week by Martin Feldstein, a former chief economic adviser to Ronald Reagan, who made a similar argument in the pages of the Financial Times. Both noted that the RMB-dollar peg is badly hurting economies in Europe and East Asia...
...rough baseline from a conversation at the height of last fall's financial panic with Barry Eichengreen, an economist at the University of California, Berkeley, who is an expert on the Great Depression. "I doubt that we'll be able to avoid double-digit unemployment," he told me. "But I'm still confident we can avoid 24% unemployment like...
...Harvard economist Jeffrey Miron has been one of the most outspoken proponents of the legalization of drugs in the U.S. as a solution to the problems in Mexico. He cites the historical analogy of the failed policy of Prohibition during the Great Depression, which was ended partly because of increasing violence in the U.S. Yet lawmakers in Congress seem reluctant to even broach the subject of drug legalization. Representative Barney Frank ’62 (D-Mass) has been one of the few to attempt to change the law with his Personal Use of Marijuana by Responsible Adults...