". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Thursday, June 12, 2008
Is this a recession and do we care?
JAMES HAMILTON POSTS some charts that make him bearish on the recession question. Here is one of his charts. Note the periods of recession are shown by the grey bars. You may want to check out his entire post.