The Case for a Severe Recession

Izurieta, Wynne Godley, Alex

Challenge, 2002, vol. 45, issue 2, pages 27-51

Abstract: The authors argue that there are serious structural imbalances in the U.S. economy that make a deep recession likely. In fact, they say there is no natural process by which the economy will recover in short order. Rather, it will require serious government spending to restore economic growth.

Date: 2002

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