The real value of economics is in how you think, not your degree
Neither Stephen Moore nor Herman Cain, political allies that President Trump hopes to put on the Federal Reserve Board, has a Ph.D. in economics. For fans and even some foes, that’s a virtue, not a vice.
In these populist times, knowing too much economics means you’re out of touch, arrogant, and wrong. Few institutions have suffered the backlash against elitism and credentialism as much as central banks, which are mostly run by professional economists.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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Resurrecting Plug-in Hybrid CarsPlug-in hybrids are destined to face an early death, according to conventional wisdom. But automakers are bringing new plug-in hybrid models to market, promising greater efficiencies, improved driving ranges, and more diverse vehicle platforms. PH&EVs present a flexible driving option.
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It’s Up To the Senate Whether the Fed Is PoliticizedFor more than a generation, the Federal Reserve has floated above politics, even as partisan conflict has consumed other public institutions. That’s a norm both parties have taken for granted—until now.
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Fed Minutes: Officials See Little Need to Change Rates This YearFederal Reserve officials signaled greater conviction at their meeting last month that they wouldn’t need to change interest rates this year.
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Fed Vice Chair Clarida sees no need for a move either way on interest ratesFed officials see the economy and monetary policy in 'a good place' and not signaling a need for any change in interest rates, Clarida said.
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Analysis | WHO says Ebola isn’t a global emergency yet. But it’s spreading in Congo — quickly.Analysis: WHO says Ebola isn’t a global emergency yet. But it’s spreading in Congo — fast.
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Analysis | Chris Davis isn’t alone: Here are several other exceedingly bad (and unlucky) MLB streaksDavis would be five times more likely to be injured by a toilet than go 0 for 49. He would be three times more likely to be struck by lightning in his lifetime.
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U.S. Says Jet-Tariffs Threat Isn’t Tied to Broad EU Trade PushThe Trump administration sought to play down its new plan to impose tariffs on $11.2 billion in imports from the EU, saying the move is part of a dispute over aviation subsidies, not an effort to apply pressure toward a possible EU trade deal.
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