Economy

The Zombie Economy

By Matthew Continetti
Published August 16, 2010 4:00am ET
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The Zombie Economy
  Since 2008, the federal government and the Federal Reserve have spent some $3 trillion to secure the financial system and prevent a second Great Depression. What did all this money buy us? A really expensive life jacket. The economy did not collapse. Growth, while low, has returned. Unemployment, while high, is lower than it […]

 

Since 2008, the federal government and the Federal Reserve have spent some $3 trillion to secure the financial system and prevent a second Great Depression. What did all this money buy us? A really expensive life jacket.

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