With all of this incessant talk about the decline of American global influence, we tend to forget that the U.S. is still by far the world’s largest economy, and what happens in the U.S. matters to everyone, everywhere. That’s why people from Beijing to Brasilia are watching the midterms with heightened interest. Shifts in U.S. [...]
Economist Paul Krugman is among those questioning the Fed (Chip East/REUTERS) Back in December, Paul Krugman, the Nobel Prize winning economist and NYT columnist, wrote an Op-Ed saying the Federal Reserve can and should do more to boost employment. Krugman’s prescription was for the Fed to spend trillions of dollars buying long-term bonds. The most [...]
