The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.

The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.

The United States is much further along because its financial crisis struck three years before Europe's, in 2008, causing headwinds that have pressured it ever since.

Roger Altman Quotes