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Can the Fed Avert an Economic Bust?
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From Japan to Sweden, other nations have traveled from real estate busts to financial crises in recent years, leaving behind a simple lesson: Effective policy makes the difference between a long or a slow recovery. For US policymakers, Japan is the case study in what not to do when a credit bubble is followed by a real estate bust. (Christian Science Monitor [1], Friday)
The consequences of avoiding fiscal responsibility cannot be avoided.
FEE Timely Classic
Social and Financial Responsibility [2] from The Guaranty Survey, August 1956, Albert C. Wilcox. Editor
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URL to article: http://www.fee.org/articles/in-brief/can-the-fed-avert-an-economic-bust/
URLs in this post:
[1] Christian Science Monitor: http://www.csmonitor.com/2008/0321/p01s05-usec.html
[2] Social and Financial Responsibility: http://www.fee.org/publications/the-freeman/article.asp?aid=276
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