Title

Underwater Recession

Document Type

Article

Publication Date

2012

Abstract

The Fed’s post-September 2008 monetary policy hasn’t worked as usual to stimulate a recovery. The reason lies in the unprecedented depths of the housing collapse. Conclusion: The United States must export its way to robust growth, as other countries have done.

Comments

This article was originally published in The American Interest in May/June 2012.

Copyright

The American Interest LLC