Harvard economist Kenneth Rogoff says higher inflation would help debtors by allowing them to pay back their debts with cheaper dollars.

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About 300 dinosaur specimens are on display at the Dinosaur Hall at the Natural History Museum of Los Angeles. Natural History Museum of Los Angeles hide caption

itoggle caption Natural History Museum of Los Angeles

Experts estimate that in a 2 percent growth economy, the average household income would increase $17,000 less over a decade than it would in a world of 3 percent growth. iStockphoto.com hide caption

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Specialists Evan Solomon works on the floor of the New York Stock Exchange on Wednesday, when major stock indexes fell steeply. Richard Drew/AP hide caption

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The Federal Reserve on Wednesday will kick off a series of regular press conferences, to be held four times a year. iStockphoto.com hide caption

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President Obama outlined a mix of spending cuts and tax hikes to reduce the deficit Wednesday at George Washington University in Washington, D.C. Charles Dharapak/AP hide caption

itoggle caption Charles Dharapak/AP

Advertising boards on buildings are seen without illumination at Tokyo's Shibuya district. Rolling blackouts are crippling a number of industries. Miho Takahashi/AP hide caption

itoggle caption Miho Takahashi/AP

A worker assembles a Nissan Leaf electric vehicle at the company's Oppama plant in Yokosuka, Japan. Auto plants are reopening, but getting parts remains a challenge. Kazuhiro Nogi/AFP/Getty Images hide caption

itoggle caption Kazuhiro Nogi/AFP/Getty Images

People line up to buy tickets for the earliest possible flight Friday at Narita International Airport. Koki Nagahama/Getty Images hide caption

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A farmer harvests a corn crop near Monticello, Ill., last September. The price of wheat and corn jumped 70 percent in the second half of 2010. Seth Perlman/AP hide caption

itoggle caption Seth Perlman/AP

President Obama's budget is expected to include plans for spending on new initiatives and dramatically cutting some programs. Copies of Obama's fiscal 2011 budget are seen above. Chip Somodevilla/Getty Images hide caption

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A vendor pulls his trolley past Egyptian army soldiers sitting and standing atop armored personnel carriers in Cairo on Saturday. But in Egypt, jobs are hard to come by. Most Egyptians live on about $2 a day, according to Isobel Coleman, a senior fellow at the Council on Foreign Relations. And the college educated face a 30 percent unemployment rate. Victoria Hazou/AP hide caption

itoggle caption Victoria Hazou/AP