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The Illusion of a Rapid US Recovery
America's economy – based on global demand for advanced goods, consumer demand for frills, and ever-growing household and business debts – was in many ways prosperous.
But it was a house of cards, and COVID-19 has blown it down.
- James K. Galbraith
- Project Syndicate
AUSTIN – As protests roil the United States, the country’s center-left economists gaze brightly into their crystal balls.
Harvard’s Jason Furman, formerly chair of US President Barack Obama’s Council of Economic Advisers, has warned Democrats – eager to defeat President Donald Trump in the…
Paul Krugman is likewise predicting a…