Westfield Rotary Learns About The American Economy

WESTFIELD, NJ — Dr. Neil Sheflin, an Emeritus Rutgers University professor and a member of the Rotary Club of Westfield, led a club Q&A session dealing with the state of the U.S. economy, and other economic issues.

Topics touched on included inflation (slowing), prices (staying up) and labor market conditions in the U.S. (not bad). Also discussed were the federal budget, the budget deficit and the national debt, monetary policy, the Federal Reserve and interest rates, the fundamental issues of competitive market economies and the role of government.

Of course, Supply and Demand was included as well. Questions about the future of Social Security (fixable), whether crypto currency was a good investment (not so much), and how Covid affected the economy, during and after the crisis, were fielded by Dr. Sheflin.

Major projects for the Rotary Club of Westfield include helping homeless veterans, collecting used bicycles to send to the developing world, helping to feed the local food insecure, and eradicating Polio worldwide.

Westfield Rotary has also given many community grants over the years, giving away $35,000 and $150,000 in scholarships this year. Since 1967, Westfield Rotary has awarded $3.5 million in college scholarships to 1800 students. A college education can change a persons life for the better.

The Rotary Club of Westfield meets the first three Tuesdays of each month for lunch at noon, at Limani Seafood Grill on North Ave. Guests are always welcome. For information check out the website www.westfieldrotary.com or contact club secretary Dr. D. Michael Hart by email at drmhart@yahoo.com

— Submitted by The Rotary Club of Westfield