A question from various sources: “Will a stimulus fix our problems?” Paul Solman: Let’s begin with a prior question: What’s the economic justification for a stimulus? The answer is that an economy’s annual output — its Gross Domestic Product (…

Dec 19

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Which Is It: Spend or Save?

Question/Comment: We’re told that lower consumer spending will make economic recovery much more difficult. We’re admonished that we don’t save nearly enough, and are among the lowest among industrialized nations. So which is it: spend or save? Paul Solman: The…

Question/Comment: I have been amazed by how we’ve been told of a crisis since 9/11. It was going to ruin the U.S. economy, then it was Afghanistan, Iraq, Katrina, the Midwest floods, the fires, the hurricanes, oil prices, the…

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