The Forever Recession (and the Coming Revolution)

"There are actually two recessions: The first is the cyclical one, the one that inevitably comes and then inevitably goes. There’s plenty of evidence that intervention can shorten it, and also indications that overdoing a response to it is a waste or even harmful. The other recession, though, the one with the loss of “good factory jobs” and systemic unemployment–I fear that this recession is here forever."

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