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Recession Factoid 

By: killthecat in FFFT3 | Recommend this post (3)
Wed, 14 Jan 15 9:20 PM | 89 view(s)
Boardmark this board | Food For Further Thought 3
Msg. 07589 of 65535
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There have been 33 recessions in the U.S. since the late 1850s and all but five followed increases in short-term interest rates. After the Federal Reserve was created in 1913 only the slump of 1945 amid the post-World War II demobilization occurred without a tightening of monetary policy beforehand.

Morals of this story:

Free money is good! Lots of it is even better. Bubbles last forever. Everyone gets their fair share.




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