[By Erik Hare]
An Eight Point Plan
The beauty of election season is that every citizen has an opinion and they get to voice it. Because we are a Democratic Republic, it’s usually up to the candidates running to propose very specific…
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The Next Economy – An 8 Point Plan
Conclusion
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Filed under: Investing | Tagged: The new economy, The Next Economy |

















Economic Update
Why has inflation repeatedly fallen short of the Federal Reserve’s 2% target since the global financial crisis despite a prolonged period of economic expansion and falling unemployment?
Globalization, China’s slowdown, demographics, and “transitory factors” like the drop in the price of oil since 2014 are part of the explanation. Recent research by Vanguard, for example, points to technology as another important—and often overlooked—factor.
Even before the global financial crisis, improvements in technology were driving down the prices of computers, televisions, smartphones, and other consumer tech products. Vanguard also analyzed how about half a percentage point per year off final prices. If not for technology, the Fed’s favored measure of inflation (core personal consumption expenditures price index) would have reached its 2% target years ago, and nominal rates would be higher.technology’s greater prominence in producing goods and services has lowered production costs. Since 2001, that reduction has trimmed
While a combination of materially stronger global growth and accommodative monetary policies could drive up inflation over the medium term, that’s not the most likely outcome. Many expect long-term structural forces (including technology) will result in the United States and many other economies struggling at times to achieve sustainable inflation rates of 2% or more.
Dr. David Marcinko MBA
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