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Free Market Economies Have Business Cycles


Many think recessions are some sort of "failure," and, if policy makers just did the "right thing," they could stave off recession indefinitely, meaning they could repeal the business cycle.

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Related Insights

The Yo-Yo Years

ECRI March 1, 2012

The convergence of two cyclical patterns virtually dictates an era of more frequent recessions in developed economies. As a result, and because of the Bullwhip Effect, growth in developing economies is going to be jerked around more than people think, making for a good deal of cyclical economic contagion. In other words, we are now in the yo-yo years.

 

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Revoking Recession: 48th Time's the Charm?

ECRI May 9, 2012

Has personal income growth ever remained this low for three months without the economy going into recession? More

 

Recession Update

Bloomberg May 9, 2012

For the past three months, year-over-year real personal income growth has stayed lower than it was at the start of each of the last ten recessions. More