Show for Aug 28, 2011: After Recession
What happens if and when America recovers from the current economic crisis? Do things go back to normal? Not necessarily, and certainly not for everybody, says Don Peck, features editor of The Atlantic. In his new book, Pinched, he cites voluminous evidence that deep recessions leave lasting scars, and we may never be quite the same again. He says we need to take immediate action to limit the damage, and that the current narrow focus on government debt is wrongheaded. Economist Stephen Rose is less worried about America’s long-term prospects, but he too says government needs to do more to aid recovery.
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