02/08/2012 09:09 am ET

Peter Orszag: U.S. Recovery Should Rely 'More On Automatic Economic Stabilizers'

According to early forecasts, the U.S. economy should already have recovered from the financial crisis. Despite some recent encouraging news, though, we still don’t know when things will be back to normal.

What have we learned from this delay? That in devising public policy to respond to the recession, it would have been smart to minimize the guesswork by relying more on automatic economic stabilizers.

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