In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so occasionally, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
City & State:
Virginia Beach, Va.
Question/Comment: I am a saver whose income is mostly CDs. We seem to be facing both a recession and inflation. Which of those two is better for me? I assume it is recession?
Paul Solman: Neither is better for you - or for me either. Recession means fewer jobs, less growth in wealth. Inflation means the value of the dollar goes down. Aren't those both bad for everyone? And suppose we have both a recession and inflation? "Stagflation," it was called in the '70s. That's a double whammy, no?