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Stimulus measures may boost the economy enough to provide liftoff, but if they fail to produce lasting growth, 2012 could be painful.
The U.S. economy has received massive doses of stimulus medicine, and as that medicine is being withdrawn, it appears that the patient has not yet recovered. We are now in the experimental drug phase of monetary policy.
Despite a combination of fiscal stimulus and low interest rates, the government has been unable to foster sustainable growth.
We need good economics over politics, now more than ever. That means sensible tax reform, a Fed focus on maintaining liquidity, and rationalization of the European monetary system.
To start down the path of sustainable economic recovery, the economy needs shock therapy: preventing deflation, reforming the tax system, and moving away from regulation.
The antiballistic missile system tested last month is not worth building. An effective missile defense will need to intercept missiles during their launch phase.
U.S. demand growth is accelerating to a level that will probably produce a third-quarter annualized GDP growth rate above 5 percent.
Review of Stiffed: The Betrayal of the American Man by Susan Faludi




