What's left to fix financial meltdown?
U-T EconoMeter panel weighs in on what remains to do
Roger Showley, U-T SAN DIEGO
Friday, September 20, 2013
Kelly Cunningham, National University System
Monetary and other efforts to stimulate the economy have not corrected fiscal mismanagement causing the financial crisis. Quantitative easing, purportedly needed until the “real” economy takes over, hampers necessary reforms needed for real recovery to take place. An economy so addicted to artificial stimulus fails to restructure. Anemic growth delivered from perpetual stimulus masks the underlying economic fundamentals continuing to deteriorate. Manipulating currencies and directing capital into non-productive sectors starves areas of the economy that would lead to true rebirth. Stimulus efforts should therefore be ended and unshackle the real economic forces necessary for robust and sustainable growth to occur.