Why This Recovery Really Is Different

Why This Recovery Really Is Different
AP

Calling this the “worst economic expansion since World War II” is like saying the ebola virus is the worst cold you ever had. At some level you might be technically correct, but you end up communicating confusing, even misleading, information.

This keeps coming up, despite a wealth of evidence that provides more appropriate context about the crash and subsequent recovery. A column in Real Time Economics is typical of the genre:

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