Archive for October 13th, 2009

Forecasts of Slow Growth May Be Incorrect

Tuesday, October 13th, 2009
Forecasts of Slow Growth May Be Incorrect

In The Wall Street Journal today, White House economic adviser Lawrence Summers is quoted: “… lack of demand will be the major constraint on output and employment in the American economy for the foreseeable future.” The implication is that the economy faces a long slog to regain its footing. This popular belief in the... »

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