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Politics : View from the Center and Left
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To: TigerPaw who wrote (5173)11/10/2005 4:22:54 PM
From: upanddown  Read Replies (1) of 541515
 
Afterwards there were no significant boom/bust cycles until the crash of 1987.

1987? That was not even a recession, just a short-lived stock market collapse.

There were sharp (2.5%+ decline in GNP) recessions in 1953-54, 1957-58, 1969-70, 1973-74 with about 5 or 6 milder ones.

One strange thing about recessions since the depression. The Democrats and Republicans each held the White House for 32 years during the period 1940-2004. The Republicans have quite successfully portrayed themselves as the best party for economic vitality and yet, a Republican president has presided over virtually every economic downturn since the depression.

econlib.org
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