A survey of economists is published in the November 2012 issue of Foreign Policy. One question was whether we thought that the US unemployment rate would dip below 8.0% before the election. When FP conducted the poll at the end of the summer, unemployment was 8.1-8.2%. Now it’s 7.8%. Only 8% of the respondents said “yes.” (I was one. I basically just extrapolated the trend of the last two years.)
Access every new PS commentary, our entire On Point suite of subscriber-exclusive content – including Longer Reads, Insider Interviews, Big Picture/Big Question, and Say More – and the full PS archive.
Subscribe Now
My fellow economists choose defense spending and agricultural subsidies as the two categories of US federal budget that they think the best to cut. They rate the euro crisis as the greatest threat to the world economy now and are particularly worried about Spain.
To have unlimited access to our content including in-depth commentaries, book reviews, exclusive interviews, PS OnPoint and PS The Big Picture, please subscribe
Contrary to what former US President Donald Trump would have the American public believe, no president enjoys absolute immunity from criminal prosecution. To suggest otherwise is to reject a bedrock principle of American democracy: the president is not a monarch.
explains why the US Supreme Court must reject the former president's claim to immunity from prosecution.
When comparing Ukraine’s situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible. But it will require the West, and the US in particular, to put aside domestic political squabbles and muster the political will to provide Ukraine with consistent and robust military and financial assistance.
compare Russia's full-scale invasion to World War II and see reason to hope – as long as aid keeps flowing.
A survey of economists is published in the November 2012 issue of Foreign Policy. One question was whether we thought that the US unemployment rate would dip below 8.0% before the election. When FP conducted the poll at the end of the summer, unemployment was 8.1-8.2%. Now it’s 7.8%. Only 8% of the respondents said “yes.” (I was one. I basically just extrapolated the trend of the last two years.)
Subscribe to PS Digital
Access every new PS commentary, our entire On Point suite of subscriber-exclusive content – including Longer Reads, Insider Interviews, Big Picture/Big Question, and Say More – and the full PS archive.
Subscribe Now
My fellow economists choose defense spending and agricultural subsidies as the two categories of US federal budget that they think the best to cut. They rate the euro crisis as the greatest threat to the world economy now and are particularly worried about Spain.
For a slideshow presentation of the results, see “The FP Survey: The Economy.” Or in a magazine format: “If we’re ever going to get out of this slump, what will it take? We asked more than 60 leading economists to tell us.”
Also, here is a recent poll from The Economist, asking similar questions of NBER and NABE economists: “Asking the Experts,” Oct. 6.