Economic Perspective: The Three-Handed Economist

I’m Mary Walden, with economist MW, welcoming you to the economic perspective.  Today’s program looks at the three-handed economist.  Mike, President Truman was said to have jokingly asked his staff to find a one-handed economist.  Mr. Truman indicated he was tired of his economic advisers saying, “on the one hand, this, but on the other hand, that.”   President Truman liked straight talk.  But I understand you think – metaphorically speaking – there’s a three-handed approach to economics. How so?

  1. In terms of the economic outlook
  2. One hand – economy will continue to grow in 2019, but slower, likely leading to a recession in 2020
  3. Already had a one-quarter recession in 2015, so in new growth period
  4. Tax and deregulatory cuts permanently put economy on a new path – so strong growth ahead
  5. President Truman would not be happy!
  6. I’m MW

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.