Since World War II, economists have struggled to understand the Keynesian Revolution and to apply its lessons to the modern economy. The heart of the debate over Keynes' radical ideas has been whether they could or should be reconciled with the older, neoclassical economic theory.
"Clear but painfully short description of Keynes..."
If 1981 hits such as "Endless Love" and "Bette Davis Eyes" are suddenly bubbling to mind, it may be that Donald Trump’s victory in the presidential race evokes images of Republican predecessor Ronald Reagan, if you’re of a certain age. His win is resuscitating the decades-old debate over whether the supply-side — derided by Democrats as “trickle-down” — tax policy Reagan championed can jump-start the listless U.S. economy.
For Dave Shogren, Donald Trump’s campaign-trail threats to impose massive tariffs on imports from China and Mexico were more than just vote-rousing bluster.
The labor market perked up modestly in November as employers added 178,000 jobs and the unemployment rate fell to a nine-year low, providing more evidence of a solid economy in the final payroll report before an expected Federal Reserve interest rate hike.
Federal Reserve Vice Chairman Stanley Fischer said Friday the case for raising interest rates gradually “is quite strong,” providing no sign the central bank’s tentative plan to act next month has been pushed back by Republican Donald Trump’s victory in the presidential race.
Federal Reserve Chair Janet Yellen warned Congress on Thursday that big government spending — similar to President-elect Donald Trump's proposals — would fuel inflation and swell the national debt.
If you’re just a little irked that gasoline prices have edged up recently, maybe this will cheer you up: Groceries are a bargain.
The economy added a modest 161,000 jobs last month, according to the final employment report before the presidential election, but wage growth accelerated, strengthening the Federal Reserve's case for an interest rate hike next month.
The economy has been in the doldrums since late last year, but a report this week should show growth accelerated in the third quarter, setting up a better outlook for the second half of 2016.
Voters in four states on Tuesday will consider ballot initiatives to raise the minimum wage, threatening to widen the disparity between the growing number of jurisdictions that have lifted their pay floors and the rest of the country.
"Slowing Job Growth in August Lowers Odds of Sept. Rate Hike" is from the September 02, 2016 Money section of The USA Today. It was written by Paul Davidson and narrated by Paige McKinney.
"No Degree? No Problem as Tight Labor Market Changes the Game" is from the August 07, 2016, Money section of The USA Today. It was written by Paul Davidson and narrated by Catherine Edwards.