response to the financial crisis

The U.S. economy may not be in for a “lost decade” after all, according to one expert on Japan who sees significant differences between the current situation in the United States and that which faced Japan in the 1990s.

Banking may not seem to fall under the purview of science and technology, but given that economics is known as the “dismal science,” an obscure congressional subcommittee heard testimony from four economists trying to pin down the what, when and where of insolvency, and what it means for policy.