Here’s the latest great success story for Keynesian economics:
The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.
Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.
And we’re still not even heading out of the woods yet. The Eurozone is slipping into recession, and we’re adding people to the labor pool faster than we’re adding jobs. Why even call it a recovery?11:36 am on August 15, 2012 Email Ryan McMaken