Occupation: Economist Birth: December 13, 1953
One might as well try to perform brain surgery with a sledgehammer..
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow..
Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individ….
Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of grow….
I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you n….
Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it's….
Developments in financial markets can have broad economic effects felt by many outside the markets..
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis..
House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level ….
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression..
The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all ….