Word: inflationitis
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If you feel as if you've been going backward, you haven't been imagining it. According to the U.S. Census Bureau, the median American family made $58,407 in 2006. That's $991 less, when you adjust for inflation, than the median in 2000, and indications are that things...
It was a defining question of the campaign - and of late 20th century American politics. It was also pretty easy to answer. The "misery index," a then popular measure that added the unemployment rate to the inflation rate, had skyrocketed during Carter's tenure. Taxes had risen sharply. There were...
The bigger issue for voters to wrestle with, though, is not what the economy can do to the presidential race but what the next President can do to the economy. Usually it's not so much. But every once in a while, like when Franklin Delano Roosevelt was elected in...
And make no mistake, somebody is going to have to pay those bills someday. The message many Republicans took from Reagan's successes of the early 1980s, and still preach today, is that tax cuts pay for themselves. That's nonsense - Reagan's rate cuts for the rich may have...
Given the obvious merits of such programs, similar models should be instituted at undergraduate institutions. Elite colleges with large endowments have already taken measures to address the problem of student debt by moving from student loans to student grants in 1998—an initiative led by Princeton. Consequently, Princeton...