Knoop quoted in Bloomberg article

David Joyce Professor of Economics and Business Todd Knoop was recently quoted in a Bloomberg News article, “Xi Unleashes a Crisis for Millions of China’s Best-Paid Workers.”

Here’s an article excerpt:

Former US Federal Reserve governor Frederic Mishkin once called financial systems the brains of an economy, notes Todd Knoop, a professor of economics and business at Cornell College in Iowa who leads a China program. “You could argue that the Chinese economy has a form of brain damage,” Knoop said. “Younger people and middle-aged people are more pessimistic — as they get more pessimistic, their consumer spending slows and the economy slows.”

Knoop is the author of several books, including “Business Cycle Economics: Understanding Recessions and Depressions from Boom to Bust” and “Recessions and Depressions: Understanding Business Cycles.”