Despite massive monetary and fiscal stimulus, the U.S. economy remains at risk of another recession, threatened by the crisis in the eurozone and the lack of progress on jobs at home. Why have the policies attempted thus far fallen so short? What should we be doing instead?
The New America Foundation hosted the Washington DC release of a paper the New York Times called “deeply nuanced” and having a “clear-eyed” view of our economic predicament. “The Way Forward: Moving from the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness,” is authored by Daniel Alpert, Managing Partner of Westwood Capital, and Robert Hockett, Cornell University Law Professor and consultant to the New York Federal Reserve, and Nouriel Roubini, Chairman, Roubini Global Economics and Professor of Economics at New York University.
The authors of the paper as well as Liaquat Ahamed, author of Lords of Finance: The Bankers Who Broke the World, Bruce Bartlett, columnist for The Fiscal Times, and Leo Hindery, Jr., Managing Director of InterMedia Partners, discussed the risks facing the U.S. economy and what can be done to restore economic growth and full employment in the months ahead.
Listen to audio of the entire event: