Stubbornly high inflation and rising interest rates are creating a pervasive sense of uncertainty among business owners and investors that has left policymakers with few good options. … READ MORE >
productivity
CHART OF THE DAY: Increase in productivity can’t mask need for long-term miracle
The Bureau of Labor Statistics recently released third-quarter productivity data that reinforced our view that a recovery from the depths of the economic shutdown is indeed underway. But in the long term, the U.S. still needs a productivity miracle. … READ MORE >
In the long run, U.S. needs a productivity miracle
The Congressional Budget Office recently published its long-term budget outlook for 2020. Beneath the outlook’s headline of rising debt-to-GDP ratios are significant policy challenges facing the U.S. economy. … READ MORE >