1. Mainstream economists profess much puzzlement over the failure of the rate of productivity growth to accelerate so far in this Decade. 2. And while few mainstream economists are as sanguine about inflation as Medoff, many would now concede he was on to something. 3. A boomer-driven stock market is dismissed by mainstream economists, who contend that low interest rates are the fuel for the market. 4. Almost no mainstream economist thinks the current expansion will end in a recession any time soon. 5. But even if a total collapse of consumer confidence seems improbable in America any time soon, it is increasingly viewed by mainstream economists as a real possibility. 6. But in the view of mainstream economists, the latter-day Luddites are tilting at windmills. 7. But that is a disputed view among mainstream economists, most of whom look for slower growth but not a recession. 8. But that is an untested argument, and many mainstream economists say that inflation has been delayed, not evaded. 9. But though few mainstream economists argue with the goal, the methods are coming under new scrutiny. 10. For more than a decade, mainstream economists have been begging, pleading, demanding that the chronic deficit opened in the Reagan years be closed. |
|