Latest Issue

Special report: Will growth stay with us?

The US has done it right: devaluation, deflation and default

An anti-austerity march in Spain: “The ‘Club Med’ countries cannot devalue their shared currency individually... The result has been very bad.” © demotix

This article is the first of three pieces in our special report on the recovery. Click to read the second. Click to read the third.

Of the major world economies and regions, only the United States has largely fixed its financial system following…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect