The Washington Post ran a major article today telling readers that they should just get used to high unemployment. The article presented the view of some economists, that the economy can only recover from a financial crisis after a prolonged period of economic weakness, as somehow reflecting a consensus opinion within the economics profession.
For example, the subhead told readers that while presidential candidates promise a quick recovery, "analysts say this post-recession comeback may take ...
Published on August 20, 2011 05:53