The Future Of The U.s. Economy

The United States economy is racing ahead at dangerous speeds, and it may be too late to prevent the return of widespread inflation. Ideally the economy should move ahead gradually and grow at a steady manageable rate. Mae West once stated “Too much of a good thing can be wonderful” and it seems the U.S. Treasury Secretary agrees. The Secretary announced that due to our increasing surplus and booming economy, instead of having an outsized tax cut, we should use the surplus to further pay down the national debt. A tax cut, though most Americans would favor it initially, would prove counter productive. Cutting taxes would over stimulate an already raging economy, and enhance the possibilities of an

Max: Hi I’m Max Lessins. This is Crash Course for economics and today we’ll be discussing the Great Recession, focusing on the fiscal and monetary policies used to recover from the 2008 economic meltdown.

A nation’s economy plays a vital role in how a nation operates. The United States economy faces a large variety of problems in this paper; we will focus on 4 major economic problems, unemployment, inequality, federal debt, and the financial/credit market. All four issues are interconnected in some way with deep social and economic implications. These issues were emphasized during the Great Recession that hit the U.S. economy in 2007.In the following paper, we will look at each of the four topics individually as well as look at how each plays a significant role in one another’s overall impact on the U.S. economy as well as individuals in the United States. The United States plays a crucial role in the world economy, meaning that every issue and difficulty faced the United States economy has implications far outside the U.S., understanding how these issues relate to one another sheds insight into just how connected every area of the economy actually is.

Today, the world economy, after witnessing the greatest hit in 70 years, is wondering what life will look like after the storm has settled. It is grappling with the fundamentals of unemployment, increasing inflation, current account deficits, negative growth, and zero interest rates along with it, depreciating the value of money. In the midst of all this the future of the U.S. dollar is uncertain. Will the dollar maintain its reserve currency status even after its depreciation and regain faith of the nations? Or will it be replaced by some other currency, shifting the power balances among the nations forever?

The health of the current U.S. economy appears to be growing gradually. The second quarter real GDP growth was 3.7% and the unemployment rate declined to 5.3%. The U.S Federal Reserve (Fed) is expected to raise interest rates in the near future when it sees clear signs of strong economic growth and improvements in the job market.

Although business leaders may not have a crystal ball to help them plan for the future, they do have access to a wide range of Federal Reserve publications that can help identify recent and current trends and what these economists believe will take place in the coming months. Given the lingering effects of the Great Recession of 2008 on the American economy today, identifying the future economic outlook for America using this type of freely available information therefore represents a timely and valuable enterprise. To this end, this paper provides a review of relevant publications to identify the Federal Reserve's current assessment of economic activity and financial markets, its current view about inflation and various monetary tools that have been used to stabilize the economic and prices in recent years. Finally, an analysis of the economic outlook for the next 12- to 18-month period is followed by a summary of the research and important findings in the conclusion.

In a country that revolves around money, if the economy would fall, it could take the whole nation down with it. The United States is one of many countries built up by its power in the economical industry. Facing a national debt of $20 trillion now, America may not know its power

In "Space technology: A critical investment for our nation's future" by Bobby Braun, Braun speaks out about the influential aspects of investing in updating our space technology. Our modern world today derives from technology that NASA scientists create, to better our future nation. Through the pursuit of being a leading nation in technological advancement, the United States economy has accelerated because of it. It has yielded new industries, products, and services for the United States citizens and allies. Bobby Braun retired from NASA as the NASA chief technologist. Mr. Braun has nearly 30 years of experience as a space system engineer, technologist, and organizational leader. This shows why he stands so eager to help NASA receive more funding. He is also a recognized authority in the development of planetary exploration systems and the advancement of space technology, because of this relation to the program this motivated him to write this adressment. Braun could have introduced some statistics and averages to help support his claims, this would have grabbed more people interested in

Although the Yuan is seen as the new alternative there is one more currency lurking and becoming to be seen as a new way to exchange money, and that’s Bitcoin. Bitcoin is an indented source where individuals create accounts to buy accents in order to have credit. That credit is later use for other individuals to purchase goods anywhere in the world without paying fees to any government bank in order to exchange their currency. But is still works about the same way that the Federal Reserve works since it’s money that it’s not back up by any materialize product as gold and silver and instead just faith that the investors will continue to support it. But the Federal Reserve and Bitcoin still are different since Bitcoin is not support by any government nor has any centralize bank running it. This causes mayor impact to the U.S, since companies and countries might no longer have to go and exchange their currency in dollars and may do it straight forward from one currency to another. In time, the dollar would lose value and the U.S economy may change drastically.

Will does use a critical tone in this column, which could have lead to him throwing too much of his opinion in there, but he was successful in having the evidence do the complaining for him. I believe that a huge selection of people in America already know that its economy is not the greatest, and I am one to believe that too, but Will's support for his thesis helped me know more of how terrible it is and how it is trying to be resolved. If, by chance, this article's argument would be accepted by the group targeted, I believe the resolution of the problem could be taken more seriously, and it hopefully be resolved. America's atrocious economy has been a crucial issue for many years, so I would come to the conclusion that this topic is of

The financial crisis of 2008 has been described as the worst financial crisis the world has seen since the great depression, but there are now murmurings of the potential for an even greater financial crisis, a currency crisis, caused by the demise of the US Dollar. The Dollar has been the reserve currency of the world since it took over from the Pound at the end of world war two, but we examine if it is about to crash spectacularly?

There is one danger, and that is that inflation will become a problem. If there are more and more dollars being printed, while the velocity of money will still flow at a very fast pace, dollars could potentially lose their value. Even worse, as the government mismanages money, the danger is that the rest of the world no longer has the faith in the dollar. This will mean that they might no longer accept dollars, and that would result in a lot of money with no place to go. This can result in hyper-inflation like with what happened with Germany before World War 2. However, at the moment, the rest of the world has also printed lots of their currency, so the dollar remains the best bet. If you are nervous about hyper inflation,

In February of 2011, the International Monetary Fund (IMF) shocked the world by calling for the United States dollar to be replaced as the global world currency (Rooney, 2011). In one report, the world’s dirty little monetary secret had been exposed; faith in the US dollar was faltering. Since then, international attitudes toward the US dollar have only gotten worse. With 2013 debt at approximately 105 percent of gross domestic product and a negative outlook rating from Standard’s and Poor, the United States is looking like an insolvent bank no one wants to keep their money in. In addition, the dollar has lost 97 percent of its value since being taken off the gold standard in 1971 (Mack, 2011). This makes holding the dollar long-term a

The United States is currently experiencing a slow recovery from the recession of 2008-09. The current unemployment rate is 7.7%, which is the lowest level since December of 2008 (BLS, 2012). However, this rate is believed to higher than the rate that would occur if the economy was operating at peak efficiency, and it is also believed that there are structural issues still underpinning this performance. For example, the number of Americans who have exited the work force as the result of prolonged unemployment is believed to be higher than usual. In addition, the Congressional Budget Office (CBO, 2012) notes that long-term unemployment of greater than 26 weeks is at a much higher rate than normal, which will have adverse long-run effects on the economy, since workers with long-term unemployment often find their career paths derailed.

Thomas Jefferson once stated, "I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt" (Bussing-Burks, 7). A lot has changed since Jefferson was President two hundred years ago, but the need to be financially solvent is something that will always be necessary for the United States to maintain its leadership position in the world. The United States of America currently owes $16.7 trillion in debt primarily as a result of the government’s spending practices during the last ten years. Two wars, several fiscal collapses, the bursting of the bubble in the housing market, looming medical care costs from an