This is part of a monthly series, Economists Exchange, featuring conversations between top FT commentators and leading economists about the coronavirus economic recovery In the autumn, Glenn Hubbard, a former dean of Columbia Business School and longstanding Republican economic adviser, thinker and policymaker, stuck out his neck. At a time when many Republican thinkers were
Tag: economy
On one hand, Janet Yellen is a highly trained economist who understands the Joe Biden spending bonanza could be a recipe for economic disaster. But as Treasury Secretary, she is also the captain of the Biden economic team, downplaying inflationary fears and cheerleading the big-budget bills. The schizophrenic nature of Yellen’s role inside the White
Factories shutting down. A wave of job losses and few open positions. Huge financial losses that batter most industries. So what is happening, and where could we be headed? The answer to both questions could be found in the country’s stockrooms. Breaking it down: US GDP for the second quarter fell at an annualized rate
Every modern president has stretched the truth now and then, and the media loved to torch Trump nearly every other day for lying. But Biden’s routine misstatements about money and the economy seem to go unchallenged. In recent months, as the economy has slipped into a soft recession and with inflation at 9.1 percent the
Over the past 60 years, the type of work Americans do has undergone a dramatic shift. Back in the 1950s and 1960s, nearly a third of people worked in manufacturing — building the cars, airplanes, washing machines, and televisions that their neighbors used and that defined America. Nowadays, more than 80% of Americans work in
A photo taken on July 18, 2022 shows a puddle of water amid the nearly dried-up river bed of the Rhine in Cologne, western Germany, as many parts of Europe experience a heatwave. Ina Fassbender | AFP | Getty Images The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low