In response to a recent editorial in the N&O, I submitted the following letter: The N&O editors claim that President Obama “plainly is correct” in his warning that a ... Keep Reading
consumer spending
Consumer Spending Not the Problem During Recession
The indispensable economist Robert Higgs updates us on an ongoing theme I have discussed here a number of times in the past: the myth that it is consumer spending that drives ... Keep Reading
A Teachable Moment Amid Stock Market Drop
While reading this N&O article about yesterday's drop in the stock market, it hit me only a few lines in: Economists say sustained drops in stock prices tend to suppress ... Keep Reading
UNC History Professor Needs an Economics Lesson
A UNC-Chapel Hill history professor decided to weigh in on the economy in yesterday's N&O. In so doing, he proves that he should stick to history because he displays an ... Keep Reading
The Myth of Consumer Spending
In virtually every news report about the economy, we hear reports on consumer spending - whether it be up or down. Consumer spending constitutes 70 percent of the economy, we are ... Keep Reading
Worst of the Recession May Not Be Over
Economist Robert Higgs crunches some numbers regarding the current recession and suggests that the worst may not yet be behind us. Real economic progress turns on a high rate of ... Keep Reading
