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by Ellen Frank (Author)
Americans have fallen for the ticker tape. We watch our portfolios, happily or nervously. We know there were a few bad apples at Enron and World Com, but we also know:
* The advent of mutual funds, low-cost brokerages, and the Internet has meant that the stock market is now more transparent, honest, and accessible to the small investor than ever before;
* 401(k)s give the individual responsibility and control over their retirement savings, and that makes us more responsible citizens;
* Federal deficits are bad for the economy, especially, somehow, when they're linked to social spending; and
* Controlling inflation is the most important task of our economic policy.
Author Biography
Ellen Frank, senior economic analyst for the Poverty Institute at Rhode Island College, writes and lectures widely on U.S. and international economic policy. She lives in Boston, Massachusetts.
