Thursday, November 17, 2011

Even Nobel Prize Winners Can Tell

Since we've been talking about the Great Depression during class and comparing it to the economic situation of the world now, I saw an article about 2 economists who just won the Nobel Prize. They are experts in the subject that we are studying at the moment. They can see that we are in a huge economic downturn that could be comparable to the Great Depression and their focus is exactly what one of the articles we have to read for class also mentions: interest rates, inflation, and economic shocks: http://www.cnn.com/2011/10/10/business/nobel-economics/index.html?eref=rss_world&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_world+%28RSS%3A+World%29

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