"Does America need a recession? An intriguing, if unpopular, thought"
America is heading for recession, Pam Woodle argues that central banks should not go too far to rescue the economy from financial turmoil, as this encourages people to become more reckless.
Recession, therefore, is in America's long-term economic interest and it will have less global impact than before, Asian consumer spending surpassing the US, this year, for the first time.
for: The Economist Newspaper, London.