Event in Brussels: The making of America's debt crisis and the long recovery

The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is now in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? In their forthcoming book, which will be presented at this event, Jeffry A. Frieden (Harvard) and Menzie D. Chinn explain the political and economic roots of this crisis, as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. In addition, they show that the crisis was foreseen by many and was avoidable through appropriate policy measures. Finally, they examine the continuing impact of the huge U.S. public debt in the ongoing slow recovery from the recession.

Subscribe for this event in Brussels here.