Summary of Flirting with Disaster
Peterson Institute for International Economics © 2013
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Economist Simon Johnson succinctly outlines the danger of excessive public spending cuts to the US economy. He proposes progressive policies that he suggests could lead the US economy back toward sustainable growth and increased federal revenues. Although always politically neutral, getAbstract advocates this worthy report as a subject for debate among scholars as well as members of the executive and legislative branches of government.
In this summary, you will learn
- Why, according to economist Simon Johnson, the US economy is not experiencing a fiscal crisis;
- How, unless it changes its trajectory, America may face a fiscal crisis in a decade’s time; and
- How the United States can evade this outcome.
About the Author
Simon Johnson is the Ronald A. Kurtz professor of entrepreneurship at MIT’s Sloan School of Management.