"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Thursday, January 29, 2009
Past recessions and what worked...three top economists recount history.
Listen to this and learn. Macro history in a nut shell.
What is the difference between Recession and correction of the Bubble? Is it possible that some of the growth periods were just bubbles? I especially relate to Greenspan's policies which, some suggest, prolonged long-term credit bubbles and were not necessarily recoveries.
What is the difference between Recession and correction of the Bubble? Is it possible that some of the growth periods were just bubbles? I especially relate to Greenspan's policies which, some suggest, prolonged long-term credit bubbles and were not necessarily recoveries.
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