Cornell Insider

a blog by the writers of the Cornell Review

Archive for January 8th, 2009

A Recessionary Depression?

Posted by Dennis Shiraev on January 8, 2009

The Economist has an excellent article on different classifications of recessions and depressions. The conclusion, in short, is that the United States is unlikely to slip into the same kind of depression as the 1930′s because economic policy makers have learned from mistakes of the past (allowing banks to fail and the money supply to quickly shrink).

Posted in National News | 2 Comments »

 
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