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AS Essay Outline – The Kyo of Economics

The biggest problem in the economy isn't the excessive amount of public or private debt; it's the extremely high level of prices for basic commodities like food and fuel. Economists consistently underestimate how much of the middle class worker's paycheck goes to buying these two essential needs. For all of its successes, the Fed's QE program did nothing to alleviate high retail food and fuel prices. If anything, it may have actually increased them.

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By: Clif_DrokeWhen most people think about the biggest threats to the U.S. economy they usually mention things like the budget deficit, the national debt or the trade gap. What rarely gets mentioned as a potential economy killer is something we all have to face every day yet mainstream economists refuse to acknowledge it.The biggest problem in the economy isn't the excessive amount of public or private debt; it's the extremely high level of prices for basic commodities like food and fuel. Economists consistently underestimate how much of the middle class worker's paycheck goes to buying these two essential needs. For all of its successes, the Fed's QE program did nothing to alleviate high retail food and fuel prices. If anything, it may have actually increased them.

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Central Government has already taken a number of steps to control the price rise in essential commodities by ..

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