Why the Government Should Spend Us Out of Our Doldrums
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As financial markets from New York to Hanoi are focused on the U.S. Federal Reserve’s next move, Daniel Alpert’s “The Age of Oversupply” explains that there are limits to how much monetary policy can help the global economy escape its five-year rut.
The book couldn’t be more timely, appearing so soon after the Fed’s surprise decision not to taper its bond buying buoyed stock and bond prices worldwide.