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Thursday, March 28, 2013

The Hierarchy of Macroeconomic Disasters

Brad DeLong rethinks his description of the economic downturn:

my conclusion is that I should stop calling the current episode the Lesser Depression. Yes, its shape is different from that of the Great Depression; but, so far at least, there is no reason to rank it any lower in the hierarchy of macroeconomic disasters.

More here.

    Posted by on Thursday, March 28, 2013 at 11:46 AM in Economics | Permalink  Comments (15)


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