Macroeconomics

One Reason Our National Economic Policy Stinks

<a href="http://www.professorhollybell.com/wp-content/uploads/2015/09/ID-100332225.jpg"><img class="wp-image-2757 alignleft" src="http://www.professorhollybell.com/wp-content/uploads/2015/09/ID-100332225-300x300.jpg" alt="Macroeconomics" width="276" height="276" /></a>Every year I attend a major economics conference to geek out with and learn from a significant collection of global economists. While just breathing the air at such an event can be inspiring, talking to people often leads to sheer terror about the future of our national and global economy. Last year’s event was no exception. At one of the many receptions I attended, I was nibbling hors d'oeuvres & sipping a glass of wine surrounded at the table by young professionals. About half worked for government agencies and the other half were PhD Students. One of the PhD students, we’ll call him Frank, was getting ready to graduate from a prestigious university in a few months with a degree in Macroeconomics and Econometrics and move to a job at the Federal Reserve. Frank fancied himself an expert on inflation targets and monetary

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How YOU Can Fix The Economy

<a href="http://www.professorhollybell.com/wp-content/uploads/2012/01/203668u9t40fhwp.jpg"><img class="alignleft size-thumbnail wp-image-113" title="Solutions" src="http://www.professorhollybell.com/wp-content/uploads/2012/01/203668u9t40fhwp-150x150.jpg" alt="economy"width="150" height="150" /></a>By Holly A. Bell Many years ago I asked my now nearly 90-year-old grandmother when the wisdom of age sets in and we start to feel in control of our lives. She made one of those “Ha!” noises and said she still felt like she was in her 20s, can’t figure out how she got to this point in her life, and would let me know when she felt like she was in control. I’m still waiting. Now that I’m firmly ensconced in middle age, I’ve started to understand a few things including why people have face-lifts and the importance of calcium. I’ve also sharpened my perception of what it means to be in control of one’s life and the power we have as individuals within an <i>economy</i>. Unfortunately the design and assumptions used in our  modeling of the <u>economy</u> attempt to minimize

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