TITLE

Hold the Hysteria (for Now)

AUTHOR(S)
Samuelson, Robert J.
PUB. DATE
March 2008
SOURCE
Newsweek (Pacific Edition);3/31/2008 (Pacific Edition), Vol. 151 Issue 13, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that, according to economic statistics and predictions of specialists, the U.S. economic downturn of 2008 is not as detrimental to the economy as some media outlets claim. The recession of 2001 is noted as much more severe. Economic historian Barry Eichengreen highlights the disagreement between those who believe the economy is highly unstable and those who think businesses cycles will self-correct. Differences between the Great Depression and the 2008 situation are noted.
ACCESSION #
31571827

 

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