It was clear soon after his election that Obama, like FDR, wanted to start dealing with the economic crisis immediately after his inauguration.
If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that would either be by increasing domestic demand or by weakening its own currency.
Like everyone else, rich people respond to incentives.
Markets rebounded quickly from morning jitters after the London Thursday terrorist bombing.
To face deflation, you have to have people accepting it and not reacting to it.
When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.
Our ability to predict how the federal funds rate will evolve over time is quite limited because monetary policy will need to respond to whatever disturbances may buffet the economy.
With oil prices plummeting in late 2015 and early 2016, Gulf states have taken the unusual step of issuing sovereign bonds to ease budgetary concerns.
America's answer! : Production.
Predicting and responding to the global economy will be the biggest challenge.
In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.
One of the big weaknesses of the Conservative Party is not just their ignorance of and lack of effective response to the cost-of-living crisis but a more fundamental error about what makes for success in the 21st century.
Americans are just about the worst at dealing with long-term problems, down there with Uzbekistan, but they respond to a market signal better than almost anyone. They roll the dice bigger and quicker than most.
If you put stimulus into an economy, you know there is a time lag in terms of depending where you invest it. If it's family transfers, it might be quick. If it's infrastructure, it might be two, three, five years.
