Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 2 Share on Twitter Printer Friendly Page More Sharing
Best Web OpEds   

Paul Krugman: The Not-So-Bad Economy

Follow Me on Twitter     Message Sheila Samples
Become a Fan
  (49 fans)
Paul Krugman
Paul Krugman
(Image by david_shankbone)
  Details   DMCA

Unemployment has been cut in half, and the Federal Reserve is getting ready to raise interest rates at a time when its counterpart, the European Central Bank, is still desperately seeking ways to boost spending. I believe that the Fed is making a mistake. But the fact that hiking rates is even halfway defensible is a sign that the U.S. economy isn’t doing too badly. So what did we do right? The answer, basically, is that the Fed and the White House have mostly worried about the right things. (Congress, not so much.) Their actions fell far short of what should have been done; unemployment should have come down much faster than it did. But at least they avoided taking destructive steps to fight phantoms.
Read the rest of the story HERE:

At www.nytimes.com

 

Rate It | View Ratings

Sheila Samples Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): ; , Add Tags
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: