Today's Economy in Perspective

by Don Boudreaux on January 17, 2009

in Great Depression, History, Myths and Fallacies

Steve Chapman helps put the state of today's economy in historical perspective.  Summary: it ain't great, but it's hardly the once-in-a-lifetime catastrophe that conventional wisdom has already declared it to be.  (Of course, it could become such a catastrophe if Uncle Sam continues his frenzied interventions.)

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