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Source link: http://archive.mises.org/1403/why-increased-consumption-hampered-americas-economic-recovery/

Why increased consumption hampered America’s economic recovery

January 14, 2004 by

Gerard Jackson takes on Greenspan’s insane policy of encouraging debt-funded consumption instead of allowing a liquidation of mal-investments: http://www.brookesnews.com/041201usrecession.html

Posted by Robert Blumen

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