Word: inflationitis
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Edging Toward the Exit U.S. Treasury Secretary Tim Geithner this month announced that the U.S. is starting to phase out some of its emergency support for banks and financial markets. But he pointedly made no mention of a full-blown "exit strategy," saying that "we must continue reinforcing recovery until...
So why are we nonetheless making a big deal out of the Fed chairman's words? Partly because he's powerful. Bernanke's opinions on the economy's future shape the U.S. government's decisions about interest rates, bailout efforts and the like. Right now the main monetary-policy debate...
And so as Obama has barnstormed the country this year, he has been forced to talk more about the problem - a health-care inflation that could bankrupt the nation - than how much Americans would save if the broken system were fixed. From the Sunday news shows to David Letterman's...
Fears of spontaneous disintegration have grown in recent years. First, much of the country did, in fact, disappear after the 1991 communist collapse, only to reappear in the form of 14 independent, post-Soviet republics. Then came the Yeltsin era, with its newfound freedoms and widespread sense of dislocation. Then...
Mr. President, may I ask you about the economy in Iran? During your previous administration, you pursued polices that benefited the poor some would say at the expense of the middle class and that may have contributed to the destabilization of the country, and yet despite that, the economy has...