What Alan Greenspan Has Learned Since 2008
Harvard Business Review
JANUARY 7, 2014
It’s true of GDP. And we were aware of it. If everyone were wholly rational in their long-term self-interest, there would be no political biases. The dot-com boom when it collapsed, you can’t find it in the GDP figures in 2001, 2002. That is true of the unemployment rate. Why it’s hard to pop bubbles, part 2.
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