By looking at the macroeconomic frameworks and experiences of countries such as Germany, Sweden, and Switzerland, Restoring Sustainable Macroeconomic Policies in the U.S. presents a way for the United States to normalize fiscal and monetary policy in order to achieve sustainable debt in the post-COVID-19 era.

Barry W. Poulson is emeritus professor of economics at the University of Colorado.

John Merrifield was a member of the faculty at the University of Texas at San Antonio for 32 years.

Chapter 1. Debt Fatigue and Debt Sustainability in Historical Perspective

Chapter 2. Understanding the U.S. Debt Crisis

Chapter 3. Debt Fatigue in the U.S. as a Failure of Macroeconomic Policy

Chapter 4. The Zombies are Coming

Chapter 5. A Look Back at the New Era of Fiscal Rules

Chapter 6. 2^nd Generation Fiscal Rules for the U.S.

Chapter 7. The Merrifield-Poulson Rules for Restoring a Great Moderation in Fiscal Policy

Chapter 8. Institutional Reforms to Restore a 'Great Moderation' in Monetary and Fiscal Policy: The Friedman Solution