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Inflation Remains a |
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Many Americans assume that inflation is rising. They fear that the recent increase in commodity prices will lead to higher finished goods producer prices and then higher consumer prices. This fear is intensified because people tend to notice when prices go up for products they buy most often.
As economist A. Gary Shilling points out in a recent commentary, such “widespread fears of inflation are understandable. Historically, inflation is a wartime phenomenon when government spending is huge, while deflation reigns in peacetime. Still, the nation suffered a uniquely long 60 years of war, which started with rearmament in the late 1930s, was followed by World War II, which promptly gave way to the Cold War that was augmented by the War on Poverty. So, most Americans have never experienced anything but inflation, which they believe is the way God made the world.” |
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Apple in China: The |
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| Patrick McGee |
ǻ | Scribner |
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From Silk to Silicon |
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| Jeffrey E. Garten |
ǻ | Tranquebar |
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과소평가와 오해를 받고 있는 미국 경 |
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최근의 혼란에도 불구하고 미국은 여전히 세계에서 가장 부유하고 역동적인 대경제국이다. 선택에 따라, 미국은 여전히 국민들에게 최고의 삶의 질을 제공할 수 있다. 현재 미국의 부채 위기, 경제성장, 소득, 부, 불평등의 문제를 어떻게 해석해야 할까? 오해를 받고 있는 미국 경제의 저력을 해부해보자. |
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The Informal Economy |
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When you pay for a steak at a restaurant, you’re supporting the formal economy. Part of the price of your meal pays for taxes, which in turn pay for schools, roads, police and fire protection, and so on. |
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