Great recession of the US (Yoon)

The great recession of the US and lessons from the past by Bong J. Yoon. Historically, government actions to fight economic crises have not been helpful. Rather, they have acted to worsen the recovery. The “Great Recession” appears to be no exception. We review the government’s failures in responding to the Great Depression, the “Lost Decade” of Japan, and the “Great Recession,” of the US and suggest policies for a sustainable economic recovery, comented Bong.