justinc.1089
10-03-2010, 01:04 PM
http://mises.org/daily/4741
The NBER says the recession is over. But how useful is the NBER's dating of business cycles?
What IS a recession? What CAUSES a recession?
This article discusses these things and more. Its quite an interesting read. If anyone has had someone trying to tell you the economy is fine now because economists say that now, but you know they're wrong and just can't prove it, here's the information you need to explain why mainstream economists are wrong when they claim the recession is over.
The NBER says the recession is over. But how useful is the NBER's dating of business cycles?
What IS a recession? What CAUSES a recession?
This article discusses these things and more. Its quite an interesting read. If anyone has had someone trying to tell you the economy is fine now because economists say that now, but you know they're wrong and just can't prove it, here's the information you need to explain why mainstream economists are wrong when they claim the recession is over.