06 Oct 2011

CNBC Economist Accidentally Endorses Laissez-Faire

Economics, Humor No Comments

At CNBC’s website there is a headline saying, “Is US Economy Flirting With ‘Modern-Day Depression’?”

Then the blurb says:

A depression occurs “only once it becomes painfully obvious that the markets and economy are failing to respond to repeated bouts of policy stimulus,” one economist said.

So the way to be absolutely sure you’ll avoid depression is…?

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