Not Much to Fear

Suppose we had a recession and nobody noticed. Something like this may be in the offing. We tend to view recessions with dread, like a serious illness: "recession may kill 19-year expansion." In fact, most recessions are just minor interruptions in the upward march of the economy.

Volume: 9 - Number: 1

Leading Index Title:

Special Topic Title: Productivity


  • Dick Conway
  • Doug Pedersen