U.S. Economic Performance posted by Doug Elmendorf on March 21, 2013
The most visible and costly economic problem in this country today is the large number of people who cannot find jobs. According to our analysis, the primary cause of that problem is a shortfall in the demand for goods and services relative to the productive capacity of the economy, and the primary reason why demand is weak is the long shadow of the housing bubble and financial crisis. Let me explain briefly. (Continue Reading)