Leading_Economic_Index

I like the term economism . It describes how economic thinking and practice have become ingrained into all sorts of aspects of our lives, even non-economic ones. In today’s world governed by economism , everything seems to need to be measured by economic logic: am I using my time efficiently?

Analysts have been trying to forecast or spot a recession in the United States for years, looking for the classic disinflationary recession. And maybe we’ll still get one in the year ahead. But fiscal dominance is a different environment than the past four decades in the United States, and in many ways the United States already went through an emer

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He pointed out that the Quantity Theory of Money showed us there is another critical measure to consider - velocity of money. IN practice, we can only observe this after the fact, but as a gauge of the propensity for companies and business to demand the use of money, there are many things we can watch - mortgages, auto loans, credit card usage etc.

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