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 to which we lived beyond our me... Recession Amnesia and the Prospects for New England’s Institutions
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 to which we lived beyond our me...