It’s now a familiar story: The Fed raises interest rates to slow the economy. But new research suggests that we are needlessly sacrificing prosperity on the altar of false economic assumptions.
Robert Eisner
Robert Eisner is William R. Kenan Professor of Economics, Emeritus, at Northwestern University. His latest book is
The Great Deficit Scares: The Federal Budget, Trade and Social Security. A new work, Social Security: More, Not Less, will be published by the Twentieth Century Fund in 1998.