Sunday, December 15, 2013
The U.S. Recovery Has Been Spectacular*
Five years since the start of the Great Recession, unemployment is still far too high. It's not for a lack of optimism among policymakers.
As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just around the corner, only to find it's not. Catchup growth is the new Godot.
*Compared to almost every other rich country and almost every other financial crisis.