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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (294009)	7/14/2006 8:02:11 PM
From: tejek	Respond to of 1582738

Your link did not prove your contention. Show me one where economists claim recessions are not a normal part of the economic cycle. That IS what you are maintaining. I loved the Clinton years and Clinton as a President, but they did not change the economic cycle. Clinton started and ended with a recession. The argument was that certain economic beliefs were disproved under Clinton and turned into myths. The article I posted gave one example. There are at least 3 or 4. There is nothing written that says there has to be an expansion then a contraction, then an expansion and on and on and on. Instead, that's been our history. However, if you look at those expansions and contractions over the past hundreds years, the contractions have become shorter and shallower. I see a day when we no longer have contractions; when supply and demand are in equilibrium.......forever.