The Shampoo Economy
By Jared Bernstein
August 4, 2008
Opinion pieces and speeches by EPI staff and associates.
[ THIS PIECE ORIGINALLY APPEARED IN THE
HUFFINGTON POST ON JULY 20, 2008.]
The Shampoo Economy
By Jared
Bernstein
Bubble, bust, repeat...bubble, bust, repeat...bubble, bust, repeat...
For the last few decades, that's been the American growth
recipe. The damage done by these cycles is evident in both the
current downturn and the daily headlines featuring systemic
failures large and small. But what may be unique about today's
climate is that this dysfunctional process is clear to anyone
willing to take close look at it. This should be especially notable
to that group whose approval rating just hit record lows: the US
Congress.
Read the rest of this piece
here.
[ POSTED TO VIEWPOINTS ON AUGUST 4, 2008. ]
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