{"id":40918,"date":"2013-11-06T16:45:57","date_gmt":"2013-11-06T16:45:57","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/the_great_recession_may_have_crushed_americas_economic_potential\/"},"modified":"2013-11-06T16:45:57","modified_gmt":"2013-11-06T16:45:57","slug":"the_great_recession_may_have_crushed_americas_economic_potential","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=40918","title":{"rendered":"The Great Recession may have crushed America\u2019s economic potential"},"content":{"rendered":"<p>The title of a new paper from three economists at the Federal Reserve is bloodless: &#8220;Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy&#8221;<\/p>\n<p>But its conclusions are chilling.<\/p>\n<p>The paper offers a depressing portrait of where the economy stands nearly six years after the onset of recession, and amounts to a damning indictment of U.S. policymakers. Their upshot: The United States&#8217;s long-term economic potential has been diminished by the fact that policymakers have not done more to put people back to work quickly. Our national economic potential is now a whopping 7 percent below where it was heading at the pre-2007 trajectory, the authors find.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/blogs\/wonkblog\/wp\/2013\/11\/05\/the-great-recession-may-have-crushed-americas-economic-potential\">Read it all<\/a> from The Washington Post.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The title of a new paper from three economists at the Federal Reserve is bloodless: &#8220;Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy&#8221; But its conclusions are chilling. The paper offers a<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=40918\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,209,149,596],"tags":[],"class_list":["post-40918","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-economy","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/40918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40918"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/40918\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}