Tag: Economics (Theory and Philosophy)

GDP Q2 Report: Why You’ll See Two Figures for Decline

When the Commerce Department releases its preliminary estimate for second-quarter economic output on Thursday morning, the numbers will be historically terrible. They will also be confusing. Forecasters expect the report to show that gross domestic product — the broadest measure of goods and services produced in the United States — fell at an annual rate […]

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How to Fix America: Spend. Spend. Spend.

As a respite from a chaotic spring spent under quarantine, my family booked a weeklong vacation last month in a cozy, remote house in the California desert. While the kids cannonballed into the saltwater pool and my wife sped through several novels, I spent my time in the sun doing exactly the sort of thing […]

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How to Save a Half-Open Economy

When states began to order businesses to close and residents to stay home as the coronavirus outbreak spread, economists likened the policy to a medically induced coma: shutting down all but the most vital functions to focus on the underlying affliction. Now the patient is awake, but the malady remains. A surge in coronavirus cases […]

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