Will We Enter a Lost Decade?

My colleague Anthony Randazzo takes a more detailed look at the December unemployment numbers, but I wonder if we are at risk of pushing ourselves into our version of Japan’s Lost Decade. I discuss it in my most recent post on the National Review’s on-line blog “The Corner.” I write in part:

Unfortunately, policymakers inside the beltway in Washington, D.C., still think it’s government that needs to lead the economy out of the recession. In truth, it will be private investment in long-term wealth creation that will be the key to sustained recovery.

Samuel R. Staley, Ph.D. is a senior research fellow at Reason Foundation and managing director of the DeVoe L. Moore Center at Florida State University in Tallahassee where he teaches graduate and undergraduate courses in urban planning, regulation, and urban economics. Prior to joining Florida State, Staley was director of urban growth and land-use policy for Reason Foundation where he helped establish its urban policy program in 1997.