Posts Tagged ‘This Time is Different: Eight Centuries of Financial Folly’
Recession Amnesia and the Prospects for New England’s Institutions
by Jay A. Halfond
August 31, 2010
Among the little truly predictable—or at least those rare things I’ve been able to successfully predict—I would suggest these three truths.
First is the inevitability of recessions. Whether the result of human folly or business cycles, the economy will contract—probably about once every decade, give or take, and probably in direct proportion to the degree ...
Read MoreTags: Carmen M. Reinhart, Jay A. Halfond, Kenneth S. Rogoff, recession amnesia, This Time is Different: Eight Centuries of Financial Folly | No Comments
