So much interesting news in this most-interesting economy, yes? Among the items that caught my attention:
- The Economic Policy Institute has a new analysis on Federal Reserve policy that favors low inflation. This is important because there’s a tradeoff between inflation and employment; in general, high inflation is associated with high levels of employment and low inflation is associated with low levels of employment. Given that employment is so low right now, does it make sense to continue fighting inflation? I think not, and I am not the only one.
- Experian’s annual report on the state of consumer credit looks at credit scores around the country and by generation. In general, older people in Minnesota have excellent credit and younger people in Mississippi have bad credit.
- McKinsey & Company has published a new book on the economic outlook for India, and many of the essays are also available online. I’ll read it as soon as I get through the Africa project.
