Money (Magill’s Literary Annual 1991-2005)
At a glance:
- Author: Andrew Hacker
- First Published: 1997
- Type of Work: History, current affairs, and economics
- Time of Work: 1950-1997
- Setting: The United States
- Genres: Nonfiction, Current affairs, Economics
- Subjects: United States or Americans, Twentieth century, Economics, Money, Capitalism, Wealth, Economic policy, Dual-career family
- Locales: United States
As 1998 began, Jack Nicholson starred in a popular movie called As Good as It Gets. From some perspectives, that phrase might have described the American economy at the same time. Unemployment, inflation, and mortgage rates were low. Despite jitters at the end of 1997, that year brought banner prosperity to most stock market portfolios. There were even projections from Washington to indicate that a flush economy would bring the annual federal budget into the black for the first time in thirty years and as much as three years ahead of the 2002 deadline negotiated between the...
[The entire page is 2124 words long]
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