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.
Recommended Citation
Smith, V.L., Buchanan, J.A., & Gjerstad, S. (2012, May/June). Underwater recession. The American Interest, May/June 2012, 20-28.
Copyright
The American Interest LLC
Comments
This article was originally published in The American Interest in May/June 2012.