All Commentary
Monday, April 12, 2010

Economy Not Out of the Woods Yet


“The [Business Cycle Dating Committee] plans to announce on Monday that it cannot yet declare an end to the recession that began in December 2007, several members indicated on Sunday. Such an acknowledgment is rare in the history of setting dates to business cycles and could affect the behavior of investors and consumers.” (New York Times, Sunday)

Bets on whether they recommend a second stimulus?

FEE Timely Classic:
How Inflation Breeds Recession” by Henry Hazlitt