business news in context, analysis with attitude

The New York Times has a piece in which it is suggested that the most important lesson from the Great Recession may be the importance of reduced expectations for economic revivals, that a kind of fundamental reset is taking place that will have long-term and dramatic implications for the country.

In fact, the piece postulates that we may be in for a "grimmer future," in which public policy cannot fix our problems, and private enterprise is not being rewarded for making decisions that help the broader economy.

You can read the entire, sobering story here.
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