Roosevelt’s Recession of 1937, which saw the unraveling of supposed economic growth in the prior years, is oftentimes used as an historical example of what occurs when government decreases spending levels or the central bank fails to continue credit expansion. The use of this event to exemplify these things is disingenuous. More accurate lessons can be drawn, which show that only the market can fix itself.
Posts Tagged ‘malinvestment’
Healthy Recovery
Important economists are misinterpreting several statistics and falsely pointing towards impending recoveries. The truth is actually quite different. There is higher probability a future double-dip, or a secondary economic collapse.
