How should America fight the next downturn?
The recovery is ten years old. It is time to think about what happens next
ON JUNE 1ST the expansion will pass its ten-year anniversary to match the longest on record. America’s unemployment rate is just 3.6%. But as the Republican Party basks in its good fortune in occupying the White House at such a time, economists—a doomy bunch—are suffering a sense of dread. They fear that policymakers are missing a wonderful opportunity to prepare the country for the next recession.
This article appeared in the United States section of the print edition under the headline “Automatic for the people”
United States June 1st 2019
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