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ERIC Number: ED195024
Record Type: RIE
Publication Date: 1980-Apr
Pages: 12
Abstractor: N/A
Reference Count: 0
The Uncertain Economic Outlook: The Schools' High Stakes in It.
Gerrity, John
Written in the first quarter of 1980, this paper describes economic conditions at that time and makes projections concerning the future. The paper attempts to present a brief look at the same issues surveyed in the longer report EA 013 118. After warning that economic conditions are hard to assess and still harder to predict, the author asserts that most forecasters agree on one issue: the inevitability of a serious and year-long recession. He cites as evidence President Carter's attempt at austerity measures summed up by the proposal to chop $13 billion from the federal budget and efforts by the Federal Reserve Board to cut inflation by raising interest rates on borrowing. He notes that the housing market, a good predictor of the health of the overall economy, is already in a depressed state. The author adds that nowhere does the potential for lasting damage from inflation manifest itself more vividly than in the country's classrooms. (Author/JM)
Publication Type: Opinion Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Education Association, Washington, DC.
Note: For a related document, see EA 013 118.