A fact that the media generally fails to acknowledge for its own reasons and politicians flub in order to fool the voting public. Going all the way back to the inception of the United States, the sharper a recession, the faster and more energetic the rebound.
That was even true after the 1929 stock market crash and its economic effects. The depression took hold with New Deal taxation and regulation, despite the spending. Government meddling is hurting the same way now. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment