August 8, 2011

Credit Downgrade Should Serve As A Wake-Up Call

  • Tyler Cowen

    Holbert L. Harris Chair of Economics at George Mason University
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Just before Standard and Poor's downgraded U.S. debt, Tyler Cowen warned it would be a distraction to slam the ratings agency. Many analysts and economists doubt S&P, but Cowen argues that there are some real lessons to learn.