Authored by James Galbraith via Project Syndicate,
The Illusion of a Rapid US Recovery
The United States has built an economy based on global demand for advanced goods, consumer demand for frills, and ever-growing household and business debts. This economy was in many ways prosperous, and it provided jobs and incomes to many millions. Yet it was a house of cards, and COVID-19 has blown it down.
Continue reading “Galbraith: ‘Disillusion’ Is America’s One Big Growth Sector Right Now”
