{"id":3505,"date":"2012-04-01T12:00:02","date_gmt":"2012-04-01T16:00:02","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=3505"},"modified":"2012-04-01T11:29:32","modified_gmt":"2012-04-01T15:29:32","slug":"americas-puzzling-economy","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2012\/americas-puzzling-economy\/","title":{"rendered":"America\u2019s Puzzling Economy"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/04\/040112_1525_AmericasPuz1.jpg\" alt=\"\" \/><em><br \/>\n<\/em><\/p>\n<p><em>The Economist&#8217;s <\/em>Free Exchange blog recently discussed some of the puzzles of the contemporary American economy. They include:<\/p>\n<ul>\n<li>GDP is growing slower than economists expect.<\/li>\n<li>The existing rates of GDP growth should lead to around a 2.5% decrease in unemployment. Yet unemployment has actually decreased by 5.1%.<\/li>\n<li>Inflation is higher than it should be.<\/li>\n<\/ul>\n<p>Free Exchanges goes onto note that one explanation that would be consistent with all of these statistics would be a permanent long-term reduction in American potential output. While the author is uncomfortable with this explanation because it suggests that Americans woke up one day to &#8220;find their left arms had fallen off&#8221; the explanation has the advantage of simplicity.<\/p>\n<p>To read other explanations for the phenomena, Japan&#8217;s experience, and why the failure to deliver more monetary and fiscal stimulus might have been more tragic than we realized, click <a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2012\/03\/explaining-americas-macro-puzzles\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2012\/03\/explaining-americas-macro-puzzles\"><em>The Economist<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economist&#8217;s Free Exchange blog recently discussed some of the puzzles of the contemporary American economy. They include: GDP is growing slower than economists expect. The existing rates of GDP growth should lead to around a 2.5% decrease in unemployment. Yet unemployment has actually decreased by 5.1%. Inflation is higher than it should be. Free [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/04\/040112_1525_AmericasPuz1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/3505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=3505"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/3505\/revisions"}],"predecessor-version":[{"id":3508,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/3505\/revisions\/3508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/3504"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=3505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=3505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=3505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}