Stephen Rose

This article is a contribution to 'Is There Anything That Can Be Done? A TNR Symposium On The Economy'. Click here to read other contributions to the series. Between the ugly political standoff in Congress over the debt ceiling and the wild fluctuations of the stock market, it has been a tumultuous last few months in the United States. The Eurozone countries, for their part, aren’t faring any better, facing an angry public, bailouts, and an uncertain future for monetary union. And yet, despite the gloom on Wall Street and elsewhere, many fundamental aspects of the U.S.

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