WSJ.com – Economist Bloggers Make Prescriptions for Growth
Economic news has been confusing of late. Fed officials are signaling more concern about inflation, the stock market has been struggling and consumer confidence is down. But interest rates remain at historic lows and the housing market is barreling ahead, while volatile oil prices are weighing on both corporations and vacationers alike.
So, how healthy is the U.S. economy, really? Are we on the edge of a recession or a boom? Economist bloggers John Irons and Arnold Kling agreed to take the economy’s pulse, diagnose what (if anything) is ailing it, and write the necessary prescriptions.