This article from Aljazeera is scary, scary stuff. In one of the best reasoned economic statements I've ever read in ages the author argues that we are not in fact in a recession but in a depression (or a Great Contraction). The misdiagnosis may cause more problems than it solves...
Saturday, August 27, 2011
The Second Great Contraction
This article from Aljazeera is scary, scary stuff. In one of the best reasoned economic statements I've ever read in ages the author argues that we are not in fact in a recession but in a depression (or a Great Contraction). The misdiagnosis may cause more problems than it solves...
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