Foreign Affairs Editor Gideon Rose speaks with Adam Posen, President of the Peterson Institute for International Economics, and J. Bradford Delong, Professor of Economics at the University of California, Berkeley. They discuss the U.S. Federal Reserve's attempts to stabilize the economy.
The global economic downturn is hardly over, and without a more dramatic set of actions, the United States is likely to suffer another major crisis in the years ahead. A new book by Alan Blinder may be the best general volume on the recession to date, but it paints an overly optimistic portrait of the current situation.
John Kenneth Galbraith's dazzling career as an economist and public intellectual has left an oddly thin legacy. A new biography sets out to explain why -- tracing, in the process, the rise and fall of twentieth-century American liberalism.