But Wall Street People Are

This Is A Serious Analysis Of A Ridiculous Subject, Which Is Of Course The Opposite Of What Is Usual In Economics.

When Stock Prices Are Rising, It's Called ''momentum Investing''; When They Are Falling, It's Called ''panic.''

The Economic Expansion That Began In 2001, While It Has Been Great For Corporate Profits, Has Yet To Produce Any Significant Gains For Ordinary Working Americans. And Now It Looks As If It Never Will.

I've Always Believed In Expansionary Monetary Policy And If Necessary Fiscal Policy When The Economy Is Depressed.

It Should Be Possible To Emphasize To Students That The Level Of Employment Is A Macroeconomic Issue, Depending In The Short Run On Aggregate Demand And Depending In The Long Run On The Natural Rate Of Unemployment, With Microeconomic Policies Like Tariffs Having Little Net Effect. Trade Policy Should Be Debated In Terms Of Its Impact On Efficiency, Not In Terms Of Phoney Numbers About Jobs Created Or Lost.