Mickey Levy: Higher Taxes May Cause Recession
754 views · Published 6 August 2009 · 2:12 · Indexed 8 November 2026
Channel: FORA.tv · 2009 · News & Politics
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.
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