The US economy suffers from a growing culture of indebtedness
Philip Booth writes for Financial World
Prof Philip Booth appears on BBC 2's GMT programme
Charles K. Rowley writes for the Daily Telegraph
The policy responses to the debt bubble demonstrate “crude political consideration rather than economic understanding”. Prosperity and full employment in the US will only be restored by a return to laissez-faire capitalism.
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Charles K Rowley is Duncan Black Professor of Economics at George Mason University and general director of The Locke Institute. He is the author (with Nathanael Smith) of Economic Contractions in the United States: A Failure of Government, published by the IEA and the Locke Institute