Old Economic Logic in the New Economy
探讨美国经济强劲表现是否改变了通胀与失业的历史关系，以及技术进步和全球化是否提升了经济增速潜力，强调稳健政策仍不可或缺。
The unusually strong performance of the American economy has prompted a debate about whether there is a new economy. However, the real debate is not whether the American economy has changed—it clearly has—but rather whether these changes have fundamentally altered the historical relationship between inflation and unemployment or have affected the economy's maximum rate of growth. While technological advances and globalization do appear to have created the potential for better economic performance, sound domestic and international economic policies remain essential.