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Flashback: US Recovery to be twice as strong as forecast
writing for Slate in April 2010Why the U.S. recovery will be bigger, faster, and stronger than economists and politicians expect. ...The recovery came quickly because the public and private sectors reacted with great speed. In the 1990s, Japanese policymakers deliberated and delayed before embarking on a program that included interest-rate cuts, a huge stimulus program, expanded bank insurance, and the nationalization of failed institutions. In 2008 and 2009 it took the United States just 18 months to conduct the aggressive fiscal and monetary actions that Japan waited for 12 years to carry out. And the patient responded to the shock therapy, as the credit markets and financial sector bounced back. The author of this was Daniel Gross who did a column about three times a month for Slate in 2010. Posted by: Lord Garth 2011-07-10 |
| http://www.rantburg.com/poparticle.php?ID=326085 |