The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Jonathan Horn, U-T SAN DIEGO
Friday, August 3, 2012
Kelly Cunningham, National University System
Answer: YES
After two rounds of quantitative easing and “Operation Twist” bond-buying by the Fed, hoped-for boosts in spending have not happened. Having long since pushed interest rates to near zero, another round of QE, effectively fabricating money to buy assets, is also questionable. Artificial stimulus may temporarily boost Wall Street, but is largely inconsequential for long-term real growth. Serious structural problems underlining the U.S. economy, caused by years of bad monetary policies, needs restructuring for genuine recovery and growth to be unleashed. Just as taking medicine to regain health may be distasteful, the economy needs to be allowed to reconstitute.
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