Page A12: Dartmouth College economist Douglas Irwin said:"I don't fear deflation. Most economists are wary about future inflation because the FED has pursued such an expansionary monetary policy." This is in line with the Keynesian Model of the Cross with expansionary gap. My brief definition of Inflation may be searched at www.baidu.com for reference.
The survey's authors cited the difference between the perception of economic recovery and actual recovery. Such is similar to my previous blogs apropos of perception and reception with empirical evidence.
Page A16: Stephen McKevitt wrote to the Editor: "It may be that the increasing birthrate in the US may be due more to the fact that fewer people have productive work to do, with many unemployed. "
Comment:"Keys for Economic Understanding" is published with the recommendation of training and retraining of the labor force to supply the demand of a changing America in the 21st century. Cf. www.Amazon.com book reference to such effect.
Page A14: Toyola leads in cash for clunkers: Corolla is No. 1 and is manufactured domestically.
I started driving Toyola Corolla in 2000 with a decision to be proven now! A vision or a coincidence!?
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai, China in 1947 but I am still a learner forever. To be an octogenarian with the intent to learn is to rejuvenate my youth as a "xiaohuozi" for the love of knowledge then and searching wisdom now in the 21st century.
Saturday, August 15, 2009 at 8.50 a.m.
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