No one wants a return to double-digit inflation. But low inflation can slip into deflation, which increases the risk of a downturn.
Beaconomics
Turn up the heat: It’s worth the inflation risk
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Stimulating the economy despite historically low unemployment may open the door for discouraged and marginalized workers to get back into the game. This would be good for Rochester, and for the nation.
Beaconomics
Modern Monetary Theory: voodoo economics for the left
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A growing number of progressive politicians have embraced a line of economic thinking that says debt and deficits don’t matter. But is “just print money” the right way to build a strong economy?
Beaconomics
Challenging the Piketty gospel
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Has the share of income going to the top 1 percent in the U.S. jumped dramatically in the last half-century? Recent research throws doubt on that belief.
Education
The role of education in Rochester’s economy
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The challenge of Rochester’s public schools has been the “elephant in the room” in every discussion of poverty and economic development for decades. On May 13, the Rochester Beacon Solutions Forum will explore possible solutions to the problem of Rochester’s underperforming schools.
Beaconomics
What’s wrong with this picture?
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A recent article on political prejudice concludes that Jefferson County in New York is the least politically prejudiced county in the nation. Can we trust the data?
Beaconomics
Kodak’s long shadow
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Employment and GDP data reveal the impact of Kodak’s decline on the Rochester metro economy.
Beaconomics
Small business survival in a big-box universe
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Vittorio Menswear & Tuxedo’s sideline—shipping and receiving UPS packages—illustrates the creativity locally owned shops must have to hold their own against national competitors.
Beaconomics
AIM aid needs an overhaul
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We would think that the state’s Aid and Incentives for Municipalities should be driven by a formula based on community need? If that’s the case, the formula seems to work poorly.
Beaconomics
N.Y. employment keeps pace in 2018
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Several of New York State’s smaller metros did quite well in 2018, outperforming the state’s leading large metros.
Beaconomics
Should Rochester fear the ‘inverted yield curve’?
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Neither a falling interest rate yield curve nor an inversion is destiny. Still, just like the rest of the economy, Rochester needs to pay attention to national indicators.