This chart is from my professor's book, The New Paradigm in Economics (Donald R. Byrne, Timothy D. Byrne, and Edward T. Derbin, revised January 2008. University of Detroit Mercy). It is a good depiction of general macroeconomic activity.
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The second lecture in Tom Woods’s Mises Academy course on the New Deal revolved around Herbert Hoover. We are often taught to think of Hoo... -
Move over QE2, QE3 is here! The markets are euphoric for now.
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