CHICAGO – Monetary and fiscal policies in the United States, both in this recession and the recession of 2001, have been among the most accommodating in the industrial world. As I write, Congress is working on yet another “jobs” bill.  Indeed, John Taylor of Stanford University attributes the recent financial crisis to excessively stimulatory monetary policy towards the end of Alan Greenspan’s tenure as head of the US Federal Reserve.
En estos momentos el Congreso está trabajando de nuevo en otra ley de “empleos.” En efecto, John Taylor, de la Universidad de Stanford atribuye la reciente crisis financiera a políticas monetarias de estímulo excesivas durante la parte final del mandato de Alan Greenspan como presidente de la Reserva Federal estadounidense.