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
Collection
Citation
Andrew Johnson, Economic Déjà vu, University Library System, University of Pittsburgh, 2017, accessed November 6, 2024, https://igi.indrastra.com/items/show/648