The U.S. Economy and the Future

Paper Summary:

This paper presents an overview of the U.S. Economy in 2002. The author feels that although many economists disagree on the state of the U.S. economics, the national economy will continue to be healthy. The nation seems to be making recovery from its large financial debt.

Table of Contents
Justin Fox's View of the Economics
Credit and the Economy
Debates of Economists
Economists and Unemployment
Effects of the Tragedy on September 11
Recovery?

From the Paper:

"This economist is discouraging about the future economics of the U.S., but only a few Americans exist on credit? Would economist agree with this? It's true that most Americans live on credit cards and borrowed money. The whole of macroeconomics is that all will hurt when a few follow. Does our financial help come from Americans or foreign investors? Without help from some of the foreign investors, what will happen to the economy? Yet, the foreign investors will not continue to loan money to a country in debt. The federal deficit worried many during the 1980's and 90's but the U.S. pulled out of the debt."

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