Files containing subject fiscal policy

President-Elect Donald Trump saved 1,100 jobs at a Carrier plant in Indiana. Or was it 800? He then objected to the $4 billion cost of the next Air Force One being built by Boeing...It should be no surprise that someone who prides himself as a businessman would want to get his hands on the economy. [READ MORE]

Whether measured by real Gross Domestic Product (GDP) or employment, the movement of the economy can be broken down into two components. Trend refers to the long-term growth of the economy, which is described graphically by a smooth curved line between two points in time. Cycle refers to the drifting movement of the economy above and below the trend line. [READ MORE]

Politicians excel at debating issues and then doing nothing about them...But the Obama administration and Congress have come to the edge of what has been called the "fiscal cliff," and this time there is no backing away. [READ MORE]

Recessions and recoveries come in all shapes and sizes. The Boeing Bust (1969-71) was a classic V-shaped recession. [READ MORE]