Economic Déjà vu

Dublin Core

Title

Economic Déjà vu

Description

The recent recession that swept through this and many countries worldwide had many causes, one of which was low interest rates in the United States. Loose monetary policy pursued by former Chairman of the Federal Reserve Alan Greenspan was a major component of the housing crash and following recession. Furthermore, the Fed’s current monetary policy is extremely similar to policy pursued before the 2008 recession. The current system of monetary policy implemented in the U.S., necessitating that credit and debt expand forever, is a dangerous and potentially disastrous policy to be pursuing. Unless a change takes place, the American economy could experience another — and possibly worse — recession in the near future. 

Creator

Johnson, Andrew

Source

Pitt Political Review; Vol 11, No 1 (2014); 14-19
2160-5807

Publisher

University Library System, University of Pittsburgh

Date

2017-10-13

Rights

Copyright (c) 2017 Andrew Johnson
https://creativecommons.org/licenses/by-nc-nd/3.0/us/

Relation

Format

application/pdf

Language

eng

Type

info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

Identifier

Citation

Andrew Johnson, Economic Déjà vu, University Library System, University of Pittsburgh, 2017, accessed November 22, 2024, https://igi.indrastra.com/items/show/648

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