“It could take years for the nation to fully bounce back from the recession, according to new projections by leaders of the Federal Reserve, who indicated that even once the economy starts expanding again, it will be an “unusually gradual and prolonged” recovery.” (Washington Post, Thursday)
We ignore the laws of economics at our peril.
FEE Timely Classic
“The Tragedy of Inflation: Much More than Higher Prices” by Bettina Bien Greaves