U.S. Debt Negotiators Should Look to Britain
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Wall Street Journal
U.S. Debt Negotiators Should Look to Britain
Tyler Cowen was cited in a Wall Street Journal article about the lessons that US debt negotiators could learn from the British.
Although central bankers have focused on the problems of aggregate demand following the recession—that is, households' and firms' unwillingness and inability to maintain consumption—the U.K. seems to have more of a problem with aggregate supply, argues Tyler Cowen, a professor of economics at George Mason University in Virginia.
