Class of 1957-Garff B. Wilson Professor of Economics Christina Romer on why the recession was so large

Another long and very interesting quotation from Class of 1957-Garff B. Wilson Professor of Economics Christina Romer’s final speech as a cabinet-rank member of the Obama administration, at the National Press Club on September 1, 2010:
This passage explains why our current recession is so much worse and dire than any other post-World War II recession has been.
Class of 1957-Garff B. Wilson Professor of Economics Christina D. Romer:


The current recession has been fundamentally different from other postwar recessions. This is not my father?s recession. Rather than being caused by deliberate monetary policy actions, it began with interest rates at low ... More >Blog Education College Major Book Notebook School Laptop Wifi Hacker