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.

By Barry W. Poulson and John Merrifield

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. 2nd 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