Robert Reich’s Recitation of First Year Economics

Robert Reich’s view (he is a liberal economist) is a very simple one and it is contained in any principles of economics text–growth is still sluggish and unemployment is high; consumption is stagnant; business is not investing; and exports are not growing (we are not Germany).  The only remaining option is increased spending on effective jobs programs.  This will help Coral Gables and its businesses if you desire for more sales, trade, exports and demands for local services, and, eventually, even stable and slightly rising real estate values.

It’s nonsense to think of the economy heading downward again into a double dip when most Americans never emerged from the first dip. We’re still in one long Big Dipper.

via Robert Reich (Forget a Double Dip. We’re Still in One Long Big Dipper.).

About Stephen E. McGaughey
International consultant in financing development programs and projects

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: