By Robert M. Solow
No one can possibly know how long the current recession will last or how deep it will go. Whenever the US economy returns to some sort of normality, or preferably before then, it will be necessary to improve and extend the oversight and regulation of the financial system. The main goal should be to make another such episode much less likely, and to limit the damage if one occurs. To make progress in that direction requires some understanding of the origins of the current mess.
- Podcast: Robert Solow on the economic crisis
