Grossman: 00’s Economic Errors Avoidable in Future

David PesciJanuary 8, 20101min
Richard Grossman's OpEd says the economic mistakes of the last decade can be prevented going forward.

In an opinion piece for The Hartford Courant, Richard Grossman, professor of economics, discusses the financial perils the nation and world faced during the first decade of the 21st Century, including the bursting of the dot-com bubble, the collapse of the American housing market, and the effect of fringe financial products and deficit spending. He also goes on to discuss how these types of situations can be avoided in the next decade and beyond with the application of some sound, common sense policies.