Why Isn’t There More Inflation?
Huge deficits and ultra-low interest rates should have led to serious inflation by now. The great mystery of the past three years is why they haven’t.
Huge deficits and ultra-low interest rates should have led to serious inflation by now. The great mystery of the past three years is why they haven’t.
The economy may well be able to continue growing and avoid another slump, but the recovery is unlikely to gain much momentum in 2013.
Solutions to the economic problems that the U.S. faces are unpalatable, and there’s a dangerous temptation to avoid dealing with fundamental issues.
Pessimism is often most widespread when a long period of economic troubles is nearing an end. What follows can be a surprisingly strong rebound.
The recent slump has been unusually painful, and the feeble recovery has been disappointing. But today’s economy seems even worse than it actually is
Each postponement of financial disaster in the euro zone seems likely to last for a shorter time, and the U.S. won’t be able to escape the fallout indefinitely
You don’t have a real economic recovery until the majority of Americans are participating β and right now they aren’t
Deft revisions to the health care law could solve its long-term financial problems, preserve broad catastrophic coverage and allow more consumer choice.
Gasoline prices normally rise in late spring and stay high through the summer, but this year they appear likely to keep falling.
State and local borrowing amounts to only a fraction of the national debt, but while the scale may be smaller, the financial crises are much, much closer.
Resources keep shifting to the elderly at the expense of the young, who will end up paying off a mountain of debt while their own standard of living is eroding.
Itβs unlikely that most families will be able to make up for lost time after a 21-year period in which growth in their net worth has averaged out to less than nothing. However, some analysts are clinging to misconceptions that …