Negative Space: recession
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- Being There: Seasons
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Chauncey Gardener explains the seasons of growth to a politician who lacks common sense.
- Why “the recession is over.”
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If you aren’t reading the blogs in the Mimsy blogroll, you should be. Today the Anchoress lays into the Orwellian press. Historically low unemployment used to be high; high unemployment is now nothing to worry about. And she then ends it all with a Ray Stevens song. Not even one of the funny ones. Read it all now.
- GDP collapse puts U.S. economy into recession red zone
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“The anemic, three-year-old U.S. recovery is already running out of steam. And if it does, it may be several more years before we see unemployment below 8%.” (Memeorandum thread)
When we remove causes and effects from our descriptions of economic events, such as recessions, we lose our ability to change for the better.
If Pluto is not a planet, and tomatoes are not vegetables, then austerity can mean higher taxes and more spending.