Slow recovery not unusual

posted by
August 31, 2011
Orange County Register
by Thomas Sowell  
Posted in Commentary, PND Commentary

"The American economy usually rebounds a lot faster than it is doing today. After a recession passes, consumers usually increase their spending. And when businesses see demand picking up, they usually start hiring workers to produce the additional output required to meet that demand. Some very sharp downturns in the American economy, such as in the early 1920s, were followed quickly by bouncing back to normal levels or beyond. The government did nothing -- and it worked." (08/30/11)

http://tinyurl.com/4y44jjw  

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