published Feb 28th 2017, 5:00 am, by Gary Shilling (Bloomberg View) — Most forecasters believe the Trump administration’s estimates of 3 percent to 3.5 percent annual real gross domestic product growth in the next decade are far too rosy. The nonpartisan Congressional Budget Office foresees 1.9 percent per year between
©2016 Bloomberg View O15G456JTSE8 (Bloomberg View) — At its best, economics is the study of what makes people better off, and how they can have more of it. To be effective, though, economists may have to tackle a tougher question: what “better off”‘ really means. For much of the past