What economists have gotten wrong for decades

12/17/2019

This article discusses the relationship between interest rates, unemployment, globalization, the minimum wage, and the deficit in the context of economic policy. It explores how low interest rates, despite their benefits, can have negative consequences like exacerbating income inequality. It also examines how unemployment rates can be influenced by globalization and automation. The article further delves into the debate surrounding the minimum wage and its impact on employment. Lastly, it discusses the role of deficits in economic policy and the potential trade-offs involved. Overall, the article provides an informative analysis of these interconnected economic factors and their implications for policymaking.

interest rates ꞏ unemployment ꞏ globalization ꞏ minimum wage ꞏ deficit ꞏ economic policy ꞏ fiscal policy ꞏ monetary policy ꞏ central banks ꞏ global economy ꞏ labor market ꞏ income inequality ꞏ economic inequality ꞏ macroeconomics ꞏ microeconomics ꞏ government spending ꞏ economic growth ꞏ trade ꞏ tax policy ꞏ fiscal deficit ꞏ economic stabilization ꞏ job market ꞏ wage growth ꞏ economic theory ꞏ economic indicators ꞏ inflation ꞏ global trade ꞏ labor market dynamics ꞏ economic trends ꞏ economic impact ꞏ economic analysis ꞏ economic development ꞏ economic cycle ꞏ economic factors ꞏ economic reform ꞏ economic models ꞏ economic stimulus ꞏ economic competitiveness ꞏ economic fluctuations ꞏ economic implications ꞏ economic consequences ꞏ economic perspectives ꞏ economic challenges ꞏ economic outlook ꞏ economic drivers