With so many Americans now struggling to sustain a middle-class standard of living, threats to the nation’s long-term prosperity and to middle-class security demand a wider prism.
"In the wake of the last recession, government spending dried up, dragging out the recovery. Policymakers warn against letting it happen again."
"The revised fiscal 2021 estimate will be critical because it will set the boundaries of the coming debate over tax hikes, spending cuts, reserve fund use and other measures that will need to be worked into a state spending plan for the ...Read More
"Strong labour productivity growth in the 1990s enabled wages to rise without squeezing corporate profits. While the dotcom boom is often remembered for the enormous valuations achieved by profitless upstarts with no clear path into the ...Read More
It would seem that as far as macroeconomic policy is concerned, bond purchases and forward guidance are the preferred tools of the FED. But “Central bank tools cannot eliminate the direct costs of the virus, including the suffering and loss ...Read More