Title

Insolvency, Policy, and Economic Stress

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.

Copyright

Newsweek