Saturday, January 10, 2009

a once great power engaging in fantasy to disguise from itself that it is a failed state.

Will There be a Recovery?

Economists will scoff at the question in the title. But that’s because they are trying to fit the present into the past. In the past recoveries were routine, because recessions were temporary restraints resulting from the Federal Reserve putting the brakes on an overheating economy.

Posted by malct @ 05:51 PM (423 views)
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