Trends in Organizational Behavior Essay Example | Topics and Well Written Essays - 500 words

Trends in Organizational Behavior - Essay Example Ben Bernanke, the famous economist and current chairman of the board of governors of the Fed is constantly pursuing his current strategy (Lowenstein, 2008). He hasn’t considered the potential threat to the country of facing a major break down in terms of a great depression as was in the horrible recession of 1970s (Fortune, 2008). Several other economists challenge Bernanke on his loose monetary policy and are of the view that the opportunity cost of maintain this trend far much a higher than if we accept to sustain a small tightening to fight back the hikes in inflation and to avoid a shocking recession of the economy (Lowenstein, 2008). The various indices and statistics have further depicted a picture acknowledging a similar result that might be faced by America, if this continues. The dollar has been facing constant depreciation against various currencies of the world including Euro as the most threatening element in terms of trade. The purchasing power is reducing, though export s show a positive growth, the prices of import continue to climb up, thus burdening the foreign reserves day by day. This issue is not only the cause of the rising oil prices but due to the change in priorities and trends in spending. People are hesitant to save and thus consume more than they can and/or they should. This in turn is gradually rusting the economy and exhausting its credit line. The Fed is now considering the threats and is now putting controls on the dollar to regulate and fix its devaluation and monitor the soaring inflation. The article is relevant to the organizational behavior in term of the effects that it has on the economy. With such unproductive conditions, the employees are confused and face the threat of losing their jobs. They want to have more in terms of salaries/wages and/or compensations due to the