Articles in the Economics Category
Economics »
We are living in one of the most unsettling periods in human history. Businesses are being nationalized. William Gale, an economist at the Brookings Institute, along with Fed Chairman Ben Bernanke suggests that while the recession might end by the end of the year, sustainable recovery may take a while. Perhaps the greatest economic lesson we will learn is that we cannot spend our way out of a recession. People cannot spend what they do not have. And this goes for governments too. Speaking of people, when they find themselves on path to poverty losing everything they have worked for all their lives, I guess rationality goes out of the window.
