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About
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Alumnus Has Cover Story in Reason Magazine
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NEW YORK, March 31, 2010—The economic recovery is “on a dangerously shaky foundation.” That’s what Reason Foundation director of economic research Anthony Randazzo, a graduate of The King’s College (PPE ’08), concludes in his cover story for the April 2010 issue of Reason magazine.
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Randazzo supports the conclusions of “The Myth of Recovery” with mountains of economic data that he says all point to the same conclusion: the Obama administration has not “confront[ed] the roots of the crisis head on” and has “kicked the can down the road, postponing the day of reckoning for real estate, the auto industry, and the toxic mortgage-backed securities that were at the heart of the economic meltdown.” He says that the signs of recovery we see today are the result of the temporary effects of government bail-out money, and “these short-term gimmicks do not lead to sustainable economic growth.” Besides, he warns, “The president is running out of other people’s money.”
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Among the solutions Randazzo suggests: “Make today’s problems today’s problems” instead of postponing the substantive changes. He warns against increased government regulation, which seems to be the direction that Congress wants to take. “More extensive reporting requirements, tighter capital regulations, and proposed powers to break up banks would all increase the cost of doing business and hobble the economy,” he writes.
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The article can be found at: http://reason.com/archives/2010/03/10/the-myth-of-the-recovery.
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A full list of Randazzo’s publications can be found at: http://reason.org/experts/show/anthony-randazzo.
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For more information about The King's College please contact:
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For more information about The
King's College please contact: |
| Warren Smith |
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