Uncategorized

New “North Carolina Economics” blog a welcome addition to the public dialogue

A few months ago Karl Smith, an Assistant Professor of Public Economics and Government, at the UNC-CH School of Government launched a blog where he posts his thoughts and analysis about NC’s economy. Economic analysis is often complicated and impractical. Karl’s blog is not like that at all. He gives his take on controversial questions, like is the “Fair Tax” really fair, and he shares his assessment of the latest state-level economic indicators. I particularly enjoyed his latest post where he looks at the question “Is the Stimulus Big Enough?” First he gives all the facts and figures about how much the economy has really shrunk and then concludes the following:

So, with stimulus closing at best half of the output gap and the housing and financial markets still on the fritz, what can we expect. At this point I for see a long slow recovery.

Even though the recession is technically over, it won’t feel over until well into 2010 and we wont see unemployment back under 6% until at least 2015. That’s five more years of an economy that weaker than what we’ve grown accustom to.

Now there is some chance that monetary policy could change that. That the Federal Reserve could do some things to juice up growth. However, this is currently a major area of debate among economists and the Federal Reserve has not yet signaled that it is willing to do those things.

If you want an easy way to learn more about how the economy works and how public policy shapes it I recommend adding North Carolina Economics to your web browsing repertoire.

Check Also

A public success story: North Carolina’s older adults are far less likely to live in poverty

According to data released last week by the ...

Top Stories from NCPW

  • News
  • Commentary

When Cherise Fanno Burdeen talks about the U.S. justice system, she’s speaking from more than 20 yea [...]

“I could choose to do anything else with $50.” But Anca Stefan, a high school English teacher in a D [...]

The Cape Fear River is damaged, contaminated by decades of human malfeasance, negligence and ignoran [...]

Legislative Services Officer Paul Coble appears to be violating the state public records law and is [...]

It’s been almost three years since state legislative leaders hired longtime conservative politician [...]

The post Snail mail appeared first on NC Policy Watch. [...]

America is often touted as a nation of laws, and not of men. But it seems that today some lawmakers [...]

65 - number of days since the mass shooting at Marjory Stoneman Douglas High School in Parkland, Flo [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.