Mickey Levy: Higher Taxes May Cause Recession

751 views · Published 6 August 2009 · 2:12 · Indexed 20 September 2026

Channel: FORA.tv · 2009 · News & Politics

Watch on YouTube

Complete video at: http://fora.tv/2009/07/16/BOA_Economist_Mickey_Levy_Sees_Light_at_End_of_the_Tunnel

Economist Mickey Levy compares the current US recession to the 1990s Japanese recession. Although US household debt is higher than it was in Japan, Levy says the experience of Japan teaches us that raising taxes contributes to a growing recession.

-----

Bank of America Chief Economist, Mickey Levy, discusses Obama's stimulus package, the US housing market, unemployment, the prospects for a sustained recovery in the US economy, and lessons learned from Japans recession in the 1990s. - Japan Society

Mickey Levy is chief economist at Bank of America Securities.

More from this channel