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Chris Farrell and Pr. Louis Johnston - What really is normal, anyway? 2021 economy In review, insights and predictions into 2022.
A wide-lens review of the year 2021 based on the reflections on the economy, with foresight into 2022. U.S. economic activity resurged in 2021 after a year marked by lockdowns, stay-in-place orders, and general uncertainty about the future. Economically, this rebound was fueled by a combination of monetary and fiscal stimulus, as well as firm consumer spending. However, it wouldn’t be the “Covid” era without lingering uncertainty and constraints. against The second half of this year especially has seen an economy grappling with constraints across supply chains and rising price pressures. Lingering virus concerns, with the rise of different variants like the present Omicron variant, have compounded with still-elevated demand to push up inflation.
Will we gain more clarity and certainty in 2022? Will 2022 be the year that the economy, and many of us along with it, settle into a new normal? Joining us to review the state of our economy in 2021, shed some light on what 2022 may hold, and provide insight into how that impacts us are CSB/SJU Economics Professor Louis Johnston, and renowned economist, Chris Farrell.
Chris Farrell is senior economics contributor at Minnesota Public Radio and Marketplace, American Public Media’s nationally syndicated public radio business and economic programs. He is co-host of the MPR/APM podcast, small change: Money Stories from the Neighborhood. Chris is a columnist for PBS Next Avenue and the Minneapolis Star Tribune. He has written for Bloomberg Businessweek, New York Times, Kiplinger’s, and other publications. His most recent book is Purpose and a Paycheck: Finding Meaning, Money and Happiness in the Second Half of Life (HarperCollins Leadership, 2019).
Louis Johnston is a Professor of Economics at the College of Saint Benedict and St. John's University. Johnston specializes in macroeconomics, economic history, and the connections between economic policy and economic history. His most recent projects focus on analyzing the evolution of Minnesota’s economy and how Minnesota became “above average” over the past 60 years. Johnston writes a regular column on economics and the economy for MinnPost called “Macro, Micro, Minnesota,” is a regular guest on radio shows, and is a contributor to local and national news publications.
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By CSB/SJU Young Alums
5
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A wide-lens review of the year 2021 based on the reflections on the economy, with foresight into 2022. U.S. economic activity resurged in 2021 after a year marked by lockdowns, stay-in-place orders, and general uncertainty about the future. Economically, this rebound was fueled by a combination of monetary and fiscal stimulus, as well as firm consumer spending. However, it wouldn’t be the “Covid” era without lingering uncertainty and constraints. against The second half of this year especially has seen an economy grappling with constraints across supply chains and rising price pressures. Lingering virus concerns, with the rise of different variants like the present Omicron variant, have compounded with still-elevated demand to push up inflation.
Will we gain more clarity and certainty in 2022? Will 2022 be the year that the economy, and many of us along with it, settle into a new normal? Joining us to review the state of our economy in 2021, shed some light on what 2022 may hold, and provide insight into how that impacts us are CSB/SJU Economics Professor Louis Johnston, and renowned economist, Chris Farrell.
Chris Farrell is senior economics contributor at Minnesota Public Radio and Marketplace, American Public Media’s nationally syndicated public radio business and economic programs. He is co-host of the MPR/APM podcast, small change: Money Stories from the Neighborhood. Chris is a columnist for PBS Next Avenue and the Minneapolis Star Tribune. He has written for Bloomberg Businessweek, New York Times, Kiplinger’s, and other publications. His most recent book is Purpose and a Paycheck: Finding Meaning, Money and Happiness in the Second Half of Life (HarperCollins Leadership, 2019).
Louis Johnston is a Professor of Economics at the College of Saint Benedict and St. John's University. Johnston specializes in macroeconomics, economic history, and the connections between economic policy and economic history. His most recent projects focus on analyzing the evolution of Minnesota’s economy and how Minnesota became “above average” over the past 60 years. Johnston writes a regular column on economics and the economy for MinnPost called “Macro, Micro, Minnesota,” is a regular guest on radio shows, and is a contributor to local and national news publications.