How to Forecast the Economy
Knowing that I am an economist, friends and acquaintances frequently ask me, “What is going to happen with the economy?” If I say with great assurance, “Inflation will rise 0.3 percent, unemployment will fall 0.6 percent, and economic growth will increase by 3.2 percent,” they will walk away happy, believing they know something others do not. Or, I can be Read More ›