Beaconomics
What? Low inflation is a problem?
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No one wants a return to double-digit inflation. But low inflation can slip into deflation, which increases the risk of a downturn.
Rochester Beacon (https://rochesterbeacon.com/category/beaconomics/page/2/)
No one wants a return to double-digit inflation. But low inflation can slip into deflation, which increases the risk of a downturn.
Economic changes such as the growth of free services make our “tape measure” of price movements—traditional inflation statistics—unreliable.
Over nearly two decades, the nation’s large metros as a group have outpaced Rochester’s job creation. And they still do.
Outside the nation’s 10 largest metro areas, the decrease in the ranks of reporters has been dramatic.
Why put at risk the substantial income and tens of thousands of local jobs that global trade generates in the Rochester region?
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.
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?
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.
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.
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?