The View From 1776

After Our Bubble

The July-August edition of the Harvard Alumni Magazine offers an interesting overview on prospects for American economic recovery

Posted by .(JavaScript must be enabled to view this email address) on 06/25 at 02:18 PM
  1. Thomas,

    Thank you for posting this intriguing analysis. In it, Harvard Professors Feldstein, Rogoff, Frankel and Frieden concur on several salient points, including:

    1) That although the Stimulus has incurred some debt, most of current massive recession is the result of "the fiscal path that President George W. Bush put the country on in 2001."

    2) "The people who benefited from the boom are not those who are asked to make the biggest sacrifices during the adjustment period. Two-thirds of the income growth during the boom of 2001-2007 went to the top 1 percent of the population."

    3)
    Posted by .(JavaScript must be enabled to view this email address)  on  06/26  at  10:58 AM
Commenting is not available in this channel entry.