Insolvency, Policy, and Economic Stress

Authors

Vernon L. Smith, Chapman UniversityFollow

Document Type

Article

Publication Date

8-15-2011

Abstract

Vernon Smith explores the reasons for a stuck economy and a double-dip recession, comparing it to the Great Depression of the 1930s. He attributes both to insolvency and calls for balance-sheet restructuring to lift America out of the Great Recession.

Comments

This article was originally published in Newsweek on August 15, 2011.

Recommended Citation

Smith, Vernon L. “Insolvency, Policy, and Economic Stress.” Newsweek