Some interesting charts from The Atlantic.
Source link: http://archive.mises.org/17961/will-the-glory-of-2007-ever-come-back/
Will the glory of 2007 ever come back?
Previous post: Oresme’s De Moneta in ePub
Next post: The Condensed Wealth of Nations
{ 6 comments }
It seems to me that employment is what really got hit and it is not coming back anytime soon.
Not really, if you look at the scale, percent wise the production was hit more
Kinda makes you long for the days of Carter stagflation.
These would look even worse if you used John Williams ShadowStats instead of the BEA rigged numbers.
Lets look on the bright side.
http://www.usnews.com/news/washington-whispers/articles/2011/08/03/report-obama-administration-added-95-billion-in-red-tape-in-july
Obama may not have a clue how to create jobs (just get out of the way and let the market do its work), but he sure knows how to kill them.
I assume that the title of this post is intended ironically.
We have to stop trying to be “glorious”, then we can happily settle for “peaceful” and “prosperous.”
I agree. Obviously the glory of 2007 was the upfront payment for what we’re going through today
Comments on this entry are closed.