But as we struggle to make sense of our profound loss and its immediate consequences for the economy, ... we must not lose sight of our longer-run prospects, which have not been significantly diminished by these terrible events.
But as we struggle to make sense of our profound loss and its immediate consequences for the economy, ... we must not lose sight of our longer-run prospects, which have not been significantly diminished by these terrible events.
Perhaps this is signaling a reversal of the longer-run trend of the breeding herd moving away from the eastern Corn Belt. In 1990, 27 percent of the U.S. breeding herd was in the eastern Corn Belt. That portion declined steadily to a low of only 17.2 percent in 2004.
In a longer-run sense, I would view it as marginally unproductive, a worsening of the trade-off between growth and inflation. But will we be able to detect that I doubt it.
We want to make sure that we don't have expectations build of a longer-run problem,
© 2020 Inspirational Stories
© 2020 Inspirational Stories