The United States is mired in the aftermath of booming economic prosperity, resembling the trouble recently experienced by the Japanese economy due partially to similar Keynesian bailouts and subsidies. Now more than two years into the current financial crisis, Americans are starting to wonder if we can ever escape the consequences of past mistakes. If our "recovery" plan continues along the previous paths that generated economic bubbles and unemployment, then we are destined for failure.
"Destined for Failure: American Prosperity in the Age of Bailouts" provides a conceptual framework...
The United States is mired in the aftermath of booming economic prosperity, resembling the trouble recently experienced by the Japanese economy due...