Home > General Comment > Five questions to Paul Krugman, Mark Thoma, Jamie Galbraith et al. on economic policy

Five questions to Paul Krugman, Mark Thoma, Jamie Galbraith et al. on economic policy

September 4, 2010 Leave a comment Go to comments

Answers to the the following questions are requested from:

  • Paul Krugman, Princeton University, New York Times,
  • Mark Thoma, University of Oregon
  • Jamie Galbraith, University of Texas
  • L. Randall Wray, University of Missouri-Kansas City
  • Brad Delong, University of California, Berkeley, and research associate of the National Bureau of Economic Research.
  • Larry Summers, Director of the White House National Economic Council
  • Any other economist who wishes to chime in…

Questions

  1. What is the connection between the recent food riots in Mozambique and Western governments’ policies to inflate prices?
  2. What is the connection between US government inflation policies and increasing imports from China and Germany?
  3. With American companies sitting on an estimated trillion dollars or more in excess idle capital, why is the Federal Reserve Bank maintaining a low interest environment?
  4. Why isn’t a two percent annual inflation target the same as an across the board 2 percent annual cut in wages?
  5. What is the difference between twenty percent unemployment and a twenty percent reduction in hours of work?
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