Тернистый путь к оздоровлению

НЬЮ-ЙОРК. Сейчас существует единое мнение, что американская рецессия – которой уже больше года – вероятно, будет продолжительной и глубокой и что она повлияет почти на все страны. Я всегда считал, что идея о том, что случившееся в Америке не затронет остальной мир, была мифом. События показывают, что так оно и есть.

К счастью, наконец, Америка имеет президента, который понимает сущность и серьезность проблемы и который взял на себя обязательство разработать сильную стимулирующую программу. Это, совместно с согласованным действием правительств на местах, будет означать, что экономический спад не будет таким суровым, каким он мог бы быть в ином случае.

Федеральная резервная система США, которая помогла создать проблемы за счет избыточной ликвидности и слабого регулирования, пытается возмещать убытки – путем наполнения экономики ликвидностью; попытка, которая, в лучшем случае, просто помешала ситуации ухудшиться. Неудивительно, что те, кто помогли создать проблему и не видели надвигающегося бедствия, не преуспели в решении проблемы. К настоящему моменту динамика экономического спада определена, и ситуация может ухудшиться прежде, чем она улучшится.

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