June 17, 2019 — This month marks the 10th birthday of the US economic recovery. June 2009 saw the “trough,” the end of the Great Recession of 2007-09. (As always, a declaration that the recession was over could as easily have been phrased less cheerfully as a declaration that the economy had hit “rock bottom.”)
Why such a long expansion?
Who or what deserves credit for the length of the expansion?