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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…

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