The U.S. Economic Recovery is an optimistic analysis which argues that the economic upturn underway in the US can be sustained. This framework can equally be applied to the UK, Euroland and Japan. It draws upon the lessons of the Great Depression and the cycle of relentless boom and bust witnessed since the early 1970s. It outlines the rationale behind a policy of cheap, but tight money needed to underpin the economic recovery and secure a full employment that will endure. This book also offers a critique of monetary and fiscal policy since late 2008 in response to the subprime debacle. Most importantly, The U.S. Economic Recovery provides a thorough case for investment-led growth and an optimistic outlook for the US economy.