Selling Our Services to the World Part 14 of 17
Too often, services get a bad rap. The hamburger-flipper stereotype of services jobs would have us believe that they are innately and unalterably inferior to goods-producing jobs. That simply is not true. Yes, there are low-paying jobs in services, just as there are [...]
Balancing Inflation and Growth Part 6 of 13
The woes of financial operators should not be overlooked, of course. There is a palpable risk that their pathology will lead to credit constriction that will, in turn, trigger an economic contraction. But thus far, the Cassandras on Wall Street, in the press and on [...]
Balancing Inflation and Growth Part 8 of 13
Over the same period, the dollar has declined nearly 3 percent against the euro. We know that monetary policy acts with a lag of commodities trading systems, but even with my well-documented pessimism about the efficacy of lowering the fed funds rate to 3 percent, [...]
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