In this commentary, AIMS Board Chair John Risley argues that the world is at a crossroads, and economic policies that relieve the United States and European nations of their debt are necessary. However, political leaders like President Obama are more concerned with maintaining their positions in office than fixing the financial situation.
The U.S. is mired in what seems to be a hopeless political gridlock which is sapping business and consumer confidence. Risley argues that we desperately need pro-growth policies in Europe and America, and elaborates on what those policies would look like.
In Up, Down or Sideways, Risley writes that these policies won’t be easy or popular when implemented, but they are necessary to ensure a full economic recovery. Unfortunately, he believes political leaders will likely wait until the economic crisis gets worse before attempting to sell remedying policies to their electorates.
Click here to read the full commentary.